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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: smchan who wrote (7264)	5/19/2000 7:08:00 PM
From: Mark Z	Respond to of 39683

I concur with Sam on this although CyberCorp/Penson's rules are a bit easier than any of the RT3 vendors who clear through Southwest. Still, if you plan on using margin and hold stocks overnight, you need to understand what you can and can't do. AND KEEP DETAILED RECORDS DAILY!!! When I was with RT3/Southwest, they had tons of problems that led to their giving you too much/too little credit. "But your daily report said..." is not an acceptable excuse. Penson tends to overcharge you on margin (even if you don't use margin, you may inadvertently get some margin charges) but if you call them on it they'll correct it. But its your responsibility to catch it.