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

To: Dan Swartzendruber who wrote (3736)2/6/1999 10:35:00 PM
From: wily  Read Replies (2) | Respond to of 7382
 
The fact that Waterhouse, Datek and others do it doesn't mean it's right. More likely means they are under-staffed and don't monitor sufficiently or they don't care. I've been at places like that too.

Read a good tutorial on margin from NASD:

nasdr.com



To: Dan Swartzendruber who wrote (3736)2/6/1999 10:40:00 PM
From: Wayners  Read Replies (2) | Respond to of 7382
 
She can't use a credit from the sale to trade with because buying power is only calculated at the end of the day--not intraday when the sale was made. Her buying power for the day is set by the close the day before. Her buying power for tomorrow will be set at the end of the day today.


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