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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Hawkii who wrote (31488)5/1/2012 3:33:18 PM
From: GROUND ZERO™  Respond to of 223130
 
I think they both use the exact same margin rules, since I think those margin rules are imposed by the exchanges, so there really shouldn't be any differences at all... I never asked, but I have no problem, just make sure you have your account set up for margin trading and you have enough funds in the account so you don't run into a day trading problem... they both require three days for any trade to settle, so if you do some excessive day trading, then you're probably going to have the same problem with both of them... I personally imposed my own rule, which is not to use more than 2/3rds of the cash account on any given day... this pretty much eliminates any and all margin problems since I have the other 1/3rd for the next day plus margin, just in case...

GZ



To: Hawkii who wrote (31488)5/1/2012 6:59:56 PM
From: fred woodall  Read Replies (1) | Respond to of 223130
 
If you can't deposit more than 50k cash or hold at least that amount in other BAC accounts you do have limitations. If that isn't a problem it looks to me the place to move to which I did this afternoon. It is critical you read the fine print. Sharing you info. insurance on accounts ,etc.

Etrade is worth looking at. Their execution on trades are excellent. Only reason I am moving from there is the tax documentation format isn't easy to decipher.