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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (21589)11/22/1998 1:14:00 PM
From: bob yahnke  Read Replies (1) | Respond to of 50167
 
Margin question for day traders. Could someone please tell me what the limits are for day trading capital? Lets say you have $100,000 account which would give you another $100,000 on margin. Lets also say you would like to trade 1000 shares of INTC at 100. Trade in and out of it all day for 1/4 of a point and clear out all your positions by the end of the day. Is it possible to trade 10+ times a day like this and be able to stay with-in margin requirements??? Thanks.