I just started the margin account today but I m not familiar of how it work I know I can barrow money based on my position at the stock
if I have zero dollar in my cash account and I want to place an order it will automaticly get the money from the margin !!! is this correct
and in other way around if i have some cash showing in my account it will be used but why it added both balance
i mean I tried to buy one stock it gave me the power of buying with my cash and my margin which is double what i have in cash is this is the way it work !!!!
and what if i want to use my cash only how can i do it !!
i hope I m clear in my questions and sorry for the long message and confusion
by the way GLTA in ARNA hope we will be rewarded a lot at the end :-))
I actually sold off all my shares from one broker because they would not allow margin to be used. I took those funds and put them in my other brokerage account and am now using margin. Don't do what I am doing though if you are new to this. Plus, I am a little crazy when it comes to risk!
if i'm reading your post correct,
if you have zero cash but have already have stocks they will lend you money against the value of your stock.
if you have money in your account + stocks + you have a margin account, youur total buying power will be a sum of these three. margin accounts can be very dangerous if you are a new trader. It can magnify your losses very quickly.
I have been margined out for 5 weeks,and nervous as a lhore in church. I just got off at close. I took a little beating,but feel I was testing fate. Will day trade on every dip,but am mostly glad to be back in black
aaaahhhh I c thx
so not to do any margin is the safest way I think
ok what if I sold some stock and my cash will show money then and margin will show more money wright ! and I want to buy only aganist my cash how can i do they will give me warning or something if I started to use margin money
i do have scottrade account
thank u a million :-))