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

To: Tanner who wrote (1459)10/13/1998 8:33:00 AM
From: William W. Dwyer, Jr.  Respond to of 7382
 
Tanner,

Thank you very much for a very good illustration. Somehow, I knew you would make it a good one, and you did. I'm sure a lot of traders learned more from your response than from their pretty Fidelity brochures. Printing this one for my notebook. Thanks a lot!

Bill




To: Tanner who wrote (1459)10/13/1998 1:50:00 PM
From: LiveWire  Read Replies (1) | Respond to of 7382
 
The way it was explained to me is that after next day after holding the $100K of stock with $50K equity, you will have $50K for day trading only. You must be flat at the end of the day maintaining 50% equity. Otherwise, you would invoke a margin call.

This was for any broker that clears through Southwest Securities, i.e. MB Trading, The Executioner, etc.


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