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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (13088)	5/28/2001 6:54:08 PM
From: LPS5	Read Replies (1) \| Respond to of 18137

Thanks, IS! These are two crucial sections that fairly beg to be highlighted: Although you may not consider yourself a day trader, all Datek customers are subject to NASD regulation, which includes being subject to a day trading margin call. A "day trade" is when you open a new position and then close it during the same trading day. But merely executing a day trade does not necessarily create a call. Day trading margin rules are applied only to accounts that exhibit a pattern of day trading, which is defined as making three day trades within any 12-month period. Once an account has been identified as a day trading account, a day trading call is created if the opening transaction of any subsequent day trade exceeds the account's day trading buying power. LPS5