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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?


To: John Hunt who wrote (686)8/2/1998 1:00:00 PM
From: Sheri  Read Replies (2) | Respond to of 7382
 
5. Margin is 50% and maintenance margin overnight is 25%. Can get complicated if you sell a stock and then you daytrade it.

Can someone please explain using some real examples of how this would work? I have not done trading like above only because I couldn't get a good answer that I understood! Money should be in MBT this week (coming over from Webstreet) and found myself missing some plays (holding for a morning gap, then daytrading it) because I didn't want fo find myself in trouble. I would normally just sell on the gap and forget about trading it further.

TIA

Sheri