Question for TD Ameritrade users. I recently enabled my margin account and I notice that my BP or buying power is twice the amount of free cash available to trade. Can someone briefly explain what this buying power means? Can I buy up to that amount and essentially be on Loan from TDA? If so, how long to I have before I need to sell stock to cover this loan? Is there a timeframe?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.