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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (3123)4/29/1999 5:57:00 PM
From: SteelerStu  Read Replies (3) | Respond to of 108040
 
90 day restriction makes me only able to trade securities I held long at the open or with cash on hand at the open -- cant buy during the day sell and then use the proceeds to buy again -- it realy sucks -- i've missed alot of opportunities -- ready to switch to real day trade site -- This is a slap on the wrist I got, doesnt affect you ---



To: Jim B who wrote (3123)4/29/1999 9:47:00 PM
From: BarbaraT  Read Replies (2) | Respond to of 108040
 
I don't know if anyone has answered this question, if so ... well then this will be redundant.

But, to day trade securities and avoid restriction you must have a margin account. If you do not have a margin account and you do not have a heck of a lot of cash in the account, you will go on restriction.


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