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Re: frdmlover post# 88225

Thursday, 07/11/2013 12:15:24 AM

Thursday, July 11, 2013 12:15:24 AM

Post# of 797108
So i'm not actually buying with the margin... but the margin account covers me until my cash settles. talk to your broker.

Before I thought never use margin accounts, but honestly you need to if you expect to trade. On OTC I can only use cash but I never have to wait 3 days to settle funds.

If you have under 25k you can only do 3 day trades in a 5 day period.... but you can always:

Day 1... buy
Day 2... SEll, and then buy
Day 3 ... Sell , and then buy,
Day 4... sell and then buy
over and over with no problems.

also can make 3 additional day trades in a 5 day period.

if over 25 k, can make as many day trades as you want.