Replies to post #2729 on Propellus Inc (PRPS)

[cboogie]

No one is telling greenapple to trade on margin with money he doesn't have. We're just letting him know that having a margin account allows you to skip the three day wait. I would agree with you and advise people not to use money they don't actually have to play stocks... still it's nice to have a margin account. A lot of opportunities can be missing by not having available funds

[jasonpennyup]

Ditto, you don't want to trade pinkies on margin. If it crashes they will call you at any moment and you'll be stuck with the bill.

I trade NYSE on margin, stocks that only require 50% equity. The chances of an established stock on the NYSE crashing 50% before I can get out is slim, although still poses risk. But I always keep cash in the bank to cover, just let it accrue interest. I trade margin because like you said you can get in and out multiple times (if you have over $25k).

If you have under $25k you can't make more than 3 round trip trades in a rolling 5 day period.

Don't trade pinkies on margin man...way too f-ing risky.

[greenapple1]

Yeah you are probably right! I just really want the ability to not have to wait the 3 days which i think is ridiculous.