Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

Bamboo, >>>Sell or buy back (as the case may be) enough Monday to satisfy the daytrading margin call.<<

Bamboo you are right. The post above will not work on a daytrading margin account. As a pattern daytrader you must be careful not to carry over too many positions to the next day. If you do it greatly lowers your daytrading ability for the next day.

The only way I know to resolve it is to open another account. I did this when the law first took effect. I now have two daytrading accounts.(actually three) Since sometimes if I tend to think a trend will continue I hold overnight causing me those problems for the next day. If I get the call I just move money into another account until the restrictions are lifted and just carry position or swing trades in the affected account.

Joe