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To: B4TheBell who wrote (2902)2/8/1998 8:01:00 PM
From: mr.mark  Respond to of 12617
 
" I find it difficult to calculate my margin buying power on the fly. You mentioned to Trader Rick a formula for calculating this? I would be much appreciated if you would post or e-mail."
hello B4... here is what i use. i check it once at beginning of the day. i never thought about it changing throughout the day. dah. maybe someone can tell me if it changes per trade? guess it does!
(account value) x (75%) - (margin balance) x (2) = daytrading buying power
hope that helps,
mr.mark