Recent content by blane79

I am unclear about trading with unsettled funds in a margin account. I heard that if you trade in a margin account, you do not need to wait the 3 days for your funds to settle, that the proceeds are immediately recognized as settled funds. Is this true, or have I gotten ahold of some bad info...

Ha! Yeah, I guess I've had my head up my ass for awhile. I did some more research on this today, and it sounds like the EU countries are backing off on this, and Geithner, Summers, Obama, and even Pelosi aren't in favor of this cluster F of a bill either. Sigh of relief.

:mad: There is legislation on the floor of congress to institute a tax on all stock tranactions of .5% the value of the trade. Does anybody know if this actually has a lot of support in congress? I am a little concerned, because passage of this would put my lights out as a trader. Thanks for...