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Wednesday, March 19, 2014 10:29:30 AM
When you trade on margin you essentially buy the shares on "credit" having said that... if you don;t place a limit MMs can "borrow" the shares... setting a limit sell will prevent them from doing so.
Having a cash account is great because you don't have to worry about this. Margin is OK is you have a good risk tolerance and want to play hard... I think for most accounts you need 5K+ to have a margin account.
Anyone if I am wrong - please correct me.
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