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

To: Mama Bear who wrote (1466)10/13/1998 3:00:00 PM
From: LiveWire  Respond to of 7382
 
I'm not sure. That's just how it was explained to me by George at the Executioner.

This link doesn't explain everything, but it does explain the difference between a day trading firm and a retail firm.
Message 5980004



To: Mama Bear who wrote (1466)10/13/1998 3:14:00 PM
From: belker  Read Replies (1) | Respond to of 7382
 
Mama Bear,

I was busted for the same thing at Discover Brokerage a couple years ago. I shorted a stock, covered the next day and shorted it again that same day. The broker was never very clear about the exact wording of the rule and, in fact, seemed confused but the guy in the margin department wasn't.

Bob


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