The Golden Lounge

[Wildbilly]

You left out the best part;

You may place trades in your margin account using buying power for non-marginable securities on the first day of trading. Listed and NASDAQ securities are marginable the second day of trading with a minimum 50% maintenance requirement for the remaining 30 days.

You may place sell short orders the second day of trading; however, in most instances, shares won't typically be available for shorting until the fourth day of trading.

Oh goody!