| Author | Message | ||
Asdf Legend Username: Asdf Post Number: 32387 Registered: 12-2014 Posted From: 75.104.65.199 Rating: N/A |
losing own money is ok, but on margin its risky. most brokers give 100% margin, some brokers offer 400% also. its all good as long as it works out. | ||
Sesani Legend Username: Sesani Post Number: 58307 Registered: 08-2014 Posted From: 108.171.131.170 Rating: N/A |
As long as u maintain 25K balance in the form of cash or stocks, u can do day trading... buy and sell any number of times... but if your balance goes under 25k and u still do trading ur broker will suspend the account for specific period of time and stop u from trading... vallu atlane cheptaru...  with day trading comes great stress... All the best! | ||
Savyasachi Side Hero Username: Savyasachi Post Number: 2304 Registered: 12-2013 Posted From: 73.19.174.178 Rating: N/A |
this is what the rep said his exact words; "with great power comes great responsibility" | ||
Savyasachi Side Hero Username: Savyasachi Post Number: 2303 Registered: 12-2013 Posted From: 73.19.174.178 Rating: N/A |
ok just called the customer service. from what i understood as long as you trade carefully having margin enabled and having your account as day trader flagged is a good thing you can make shixt load of money as long as you are careful. | ||
Asdf Legend Username: Asdf Post Number: 32385 Registered: 12-2014 Posted From: 75.104.65.199 Rating: N/A |
i guess  https://www.investopedia.com/ask/answers/100314/whats-differ ence-between-cash-account-and-margin-account.asp unless we are careful with the trades, margin account is risky. | ||
Bullabbai Junior Artist Username: Bullabbai Post Number: 538 Registered: 09-2013 Posted From: 98.114.9.41 Rating: N/A |
This means, funds from the current sale will be available only after the settlement.. is that right? | ||
Asdf Legend Username: Asdf Post Number: 32383 Registered: 12-2014 Posted From: 75.104.65.199 Rating: N/A |
below 25k account, week ki 3 day trades allowed afaik. so if you go above that , it triggers it. and repeat aithe account freeze bhi avvachu. there is no pro in this.if you get rid of margin, you dont need to maintain 25k, and can do day trades as many as possible from the "settled amount." i may be wrong, this is afaik | ||
Savyasachi Side Hero Username: Savyasachi Post Number: 2302 Registered: 12-2013 Posted From: 73.19.174.178 Rating: N/A |
doesn anybody body had this pattern day trader triggered on their trading account? what are the pros and cons and what causes the trigger. TIA |