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To: manalagi who wrote (222)11/17/2005 12:35:43 AM
From: coug  Respond to of 3961
 
Congrats mana,

re: " "A grand in one day is enough to go to nice dinner with my girl friend.""

Hey, that's good enough for the girls I go out with.. :)

c



To: manalagi who wrote (222)11/17/2005 8:22:39 AM
From: Ron  Read Replies (2) | Respond to of 3961
 
You don't need margin to daytrade in a cash account. You just need to have enough cash in the account to cover the buy. Takes them three days to put their hands on the cash, file it, take it out, put hands on it again, then return it to your account. I day trade in my IRAs all the time. To short, you must have margin, however. So next time you want to do intraday flipping, put a calculator on your balances. Then should be no problem.


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