Replies to post #1143 on Chart players

[Dr Gator]

A margin account is VERY IMPORTANT for day trading and you name it if trading a lot.

I think you have to have a least $15,000 to get a margin account. But once they set that up, if you have say $15,000 dollars cash value, you have a BUYING POWER of up to $30,000 to buy stocks, if the stock is above $5. 35% less above $4.00. Below $4, you have to use all cash. The MOST important part is that you can buy and sell without the 3 day waiting period like a cash account. But if you do a day trade, you have to have a minimum of $25,000, if not you can only do 3 day trades a week!

Understand?