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Author Topic: Day Trading Question
kywee
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Hi,

On an etrade FAQ, I saw this:

Avoid a day trading margin call by liquidating all my positions by the end of the day

Below says this:

If you exceed your day trading purchasing power, you will be subject to a day trading margin call, even if you have liquidated all of your positions by the end of the day.

Now is that talking about the 4 trades/5 day business period, or are they talking about a certain amount of funds?

Any help would be appreciated, so I will be able to day trade tomorrow, but I just want to make it clear.

Thank you

Posts: 2329 | From: MD | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
T e x
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funds, not frequency

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

Posts: 21062 | From: Fort Worth | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
kywee
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So, if I have 25,000. Can I only trade 100,000 in one day?
Posts: 2329 | From: MD | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
Livinonklendathu
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At any given time yes, it'll reset as you sell.

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......in Psychiatry circles it's known as a "warning sign"

Posts: 1736 | From: Saint Louis | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
kywee
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Ah great. Thanks! That's what i was thinking.
Posts: 2329 | From: MD | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
   

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