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  • tagetlocman tagetlocman Jun 13, 2005 1:41 PM Flag

    Bought a TON At 6.83 At The Open

    Margin laws were put into place to prevent another 1929 crash.

    For intraday buying power, you can have 4x your cash value, so you would need 40k in cash to get 160k margin daytrade power.

    If you have no cash in your account, you would need 40k of unmargined value in your stock after maintenance.

    So basically you're either lying or crazy.