Recent content by Csseattle

Schwaab is the broker. It surprised the heck out of me too... Are you sure they aren't required to sell? What is the point of calling it day trade margin then? And saying it can only be used during market hours. It's bizarre that they would have it both ways.

In my case... I thought they were selling one... And they held it for a 6 days. Before selling. I didn't mind riding the market with one contract... And thought they would sell one automatically at 4pm.lile my tradestation account would. Instead they did nothing... And then waited for the market...

Are brokers required to sell your positions of you are on a day trading rate at closing. Or is it optional? I have two accounts, one says that it's required to close day trading rates at 4pm on the button, the other seems to be willing to hold day trading margins indefinitely. Which is odd...