Replies to post #178371 on The Question and Answer Board (IHUB)

[Newly2b]

Understanding these rules is a royal pain, but also necessary if one is not to run afoul of them.

Newly

[BONESPUR]

There is another scenario. One has 5k in a cash account, buys 5k worth of "XYZ" on Monday and sells at break even Mon. On Tuesday, buys 5k of "ZYX", whereupon the pps goes up (or down) precipitously. He then sells. This will trigger a margin call that must be satisfied with a wire transfer.