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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (4474)	1/14/1999 6:03:00 PM
From: Nathan Lyell	Read Replies (3) \| Respond to of 56535

To All: I just found this thread yesterday and have enjoyed reading the posts. I was just wondering how many of you are day traders? Any suggestions? Thanks in Advance, Nathan

To: Trader J who wrote (4474)	1/14/1999 7:29:00 PM
From: snerd	Read Replies (2) \| Respond to of 56535

ALL.. Margin Help; I really need some help to understand the relationship between my cash account and my margin account. I got in trouble a few weeks ago, broker called and said I bought with not enough cash in account. He said that if I was going to day trade, to always use the margin account. That it wouldn't matter, because I would usually close out any positions before the end of day. Now I'm worried about getting some outrageous margin interest costs, as I've been using it for my trades the last couple of weeks. Although, never held any purchases for more than 2 days at the most, and usually out daily. One morning it'll say my buying power is $10,000, the next will say $0! I can't seem to grasp the correlation between these two accounts. Help! Snerd