Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

bozzio

Members
  • Content Count

    1
  • Joined

  • Last visited

Everything posted by bozzio

  1. I'm trying to figure out the buying power for a Pattern Day Trader. I know it's 4 to 1 with $25,000 equity min, but I need to know if more about maintenance margin excess. I read that this is calculated by previous day's close. If I always close out all positions before the end of each trading day, then my buying power would be 4 to 1 of my equity at the end of the day? Would the maintenance margin excess only come into play if I held a position overnight or are currently holding a position at the beginning of the new trading day? So $30,000 would be $120,000 in buying power Or do you have do have 25% maintenance margin in reserve at all times regardless if you are holding any positions? Therefore $30,000-$7,500 maintenance = $22,500 so $90,000 in buying power. Thanks
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.