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Author Topic: Why such a slow day?
one2watchny
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Did all the daytraders take off today because they did so well Mon. & Tues.

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EVERY Day ABOVE GROUND is a GREAT DAY!!!

Posts: 2086 | From: Long Island New York | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
cbrf2
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seems like no one is posting, heh. CWLC is doing damn good, though. Too bad my money hasnt settled, GRRRRRRR [Big Grin] good luck!

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"I sell ice in the winter, i sell fire in hell, I AM A HUSTLA, BABY, i sell water to a well!"

Posts: 445 | From: Alief, TX | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
Patrick
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Do you have a margin account?

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Nothing ventured....nothing gained

Posts: 236 | From: TN | Registered: Aug 2005  |  IP: Logged | Report this post to a Moderator
cbrf2
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no, no margin, id rather use my money then someones elses, kinda like credit card debt, ya know? LOl

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"I sell ice in the winter, i sell fire in hell, I AM A HUSTLA, BABY, i sell water to a well!"

Posts: 445 | From: Alief, TX | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
one2watchny
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If you have margin...you don't have to use their money.....it gives you ability to not wait for your funds to settle to buy in another

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EVERY Day ABOVE GROUND is a GREAT DAY!!!

Posts: 2086 | From: Long Island New York | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
Patrick
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On a margin account you not have to borrow if you do not want to. However, you do have greater flexibility in your trading activity. You are allowed 3 day trades (sell and buy stock same day) in a 5 day window and you do not have to wait for your account to settle.

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Nothing ventured....nothing gained

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cbrf2
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yeah, i understand that, just the fact that if i lose it, its gonna hurt cause i have to pay back the principle plus interst of 6percent. BTW, look at CWLC! OMG! it just went off!

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"I sell ice in the winter, i sell fire in hell, I AM A HUSTLA, BABY, i sell water to a well!"

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Patrick
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I think you missed the point.

With a margin account you do NOT have to borrow and you do NOT have to wait for your funds to settle.

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Nothing ventured....nothing gained

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one2watchny
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The 3 roundtrip law in a 5 business day period applies if you have less than 25 grand in your account otherwise you can trade 100+ times in a week

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EVERY Day ABOVE GROUND is a GREAT DAY!!!

Posts: 2086 | From: Long Island New York | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
   

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