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iheartweimers

02/16/12 7:53 PM

#49269 RE: Crazy Money #49260

I don't plan to ever borrow any money to purchase, I
always have the money, it just hasn't settled the required
three business days. Scottrade only requires the 3 days
for stocks under $4.
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bhonda

02/16/12 7:56 PM

#49271 RE: Crazy Money #49260

Margin accounts are great, just don't use margin, can't with pennies anyway, but the flexibility is well worth it
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unspokenvoice

02/16/12 8:12 PM

#49301 RE: Crazy Money #49260

Correct me if I'm wrong, but you have to have a Margin Account to day trade. At least, that's what TD Ameritrade told me.