Recent content by startingout

Easiest way I can describe what I am asking, imagine having a $50k daytrading margin account, with no cash & just $50k in SPY. Even though there is no cash in the account, how much would a typical broker allow me to daytrade? And, would I have to pay margin interest when using that money...

I am looking to have an account with all SPY in it instead of cash & seeing how much daytrading buying power I could have to buy other stocks during the day. I am hoping I can do all of that without paying any margin fees since I wont be holding the trading positions overnight, just the...

Also, would I have to pay any margin interest in that scenario if I am only daytrading (no overnight holds) except for obviously that forever longterm SPY position.

Maverick & Nillionaire, you are giving me 2 different answers. Let me try yet again to explain what I am saying. Lets say I have a daytrading margin account & buy tomorrow $50k of SPY. I then withdraw any remaining cash so the only thing in the account is the SPY position with $0 in...

Let me try to make it clearer. Say I have $50k cash in a daytrading margin account. All cash. Then, I use the entire $50k to buy SPY that I will hold forever. The next week I still have the SPY in my account. In a daytrading margin account, would my broker allow me any daytrading...

Sorry to be unclear... If I put $50k in a daytrading margin account, and purchased $50k in SPY with it, leaving $0 cash left... and I held the SPY in that account forever with no cash... how much money would a broker allow me to daytrade in that account? and, could anything be held...

If I have a daytrading margin account with lets say $50,000. If I buy the ticker SPY with every cent of the $50,000. How much daytrading buying power would I have to trade in my account? Dont they allow you to borrow money from the stuff you own to trade? If so, how much would the...