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J-Trade, Standalone is the best choice- takes least memory and is the most stable.

Yoda, thank you for the clarification. Bucky Lee, my arguments are correct and backed up by the Federal Reserve, the wrong thing is that you are bashing without proof and arguments other people. Sallyboy, your explanation is incorrect. Start with $10k. Buy $10k worth of CSCO. You...

fast, The fastest way is to wire the funds directly by wire transfer. They'll be available the same or next business day. You have to have an already opened account. All other ways of transfer will take 10 business days or more. Fohat

Why was your account frozen? Which part of the "SEC response" did you violate? There's no sarcasm here. Reg.T and my arguments agree with The Federal reserve and SEC statements: http://www.federalreserve.gov/boarddocs/legalint/MarginRequirements/1999/19990218/...

sallyboy, That's a good response. What's your point? Did you read my previous post?

Tradewinds, There could be "no price history" only when a stock is halted (or not trading). When a stock is trading - there's price history. Probably by "no price history" you intended to say "no price history at this price level"? Fohat

sallyboy, The payment for all of today purchases is due 3 days letter, at settlement T+3, not immediately. There's no need for any broker to extend you any credit today, because the payment is not due today, the paymant is due 3 days later ! The payment for your purchases is not due until...

Bucky Lee, What story?What case? "Daytrading" in a cash account complies with the Regulation T it Datek mentioned. It was discussed in detail in previous posts Datek allows "daytrading" in cash accounts. I'm glad Datek has made that choice. On top of that Datek offers 4:1 margin to all...

fast, Magna or others may be confused by the mix of "What is", "What should and can be" and "What cash account discussions are about". To clarify those: 1)"What is" The proven indisputable fact is that: Daytrading in a cash account is allowed by all the federal and exchange regulations...

tuna, Penson is free to create more restrictive procedures for cash account transactions processing. But must follow Federal Reserve Reg.T - regarding cash account transactions. Basically, Penson creates proprietary "money due notification", which identifies and notifies 3 days in...

DATTrader, 1) T+3 settlement is not an impediment for daytrading in cash account. We can daytrade in a cash account AND settle T+3 the transactions. 2) "instant clearing" is not necessity for daytrading in cash accounts. According to the rules, we can daytrade in a cash account...

tuna, There's no need for them to "think up a margin type just to cover t+3 ", Because Regulation T already covers that. Reg.T.Section 220.8 (ii): "The creditor accepts in good faith the customer’s agreement that the customer will promptly make full cash payment for the security or...

Your hypothetical fear that Mytrack will switch off realtime buying power(r.b.p.) update is unsubstantiated. If Mytrack turns off realtime buying power update either for cash or margin accounts it will run in a lot of trouble. (rules violations, fed calls etc.). This will never happen -...

The funds should stay in your account until settlement, for 3 more days after the purchase, when you have to pay for the transaction. But instead of doing that, it's being a regular practice for many brokeres, to withdraw the funds instantly from your cash account when you buy shares, than...

michaelday, There are no middlemen in emini futures trading(no MMs). Hence, there are no symbols for different participants(middlemen). It's like trading on one big ECN. Market depth is like Island book. Do you see any symbols that represent different participants on Island ECN? Fohat

yes michaelday, there is. Some brokers call it "market depth" - It shows five price levels of the futures bids and asks.

Bucky Lee, One can daytrade in a cash account and settle T+3. The rules allow that, no rule prohibits it. Fohat

NQ = 800 QQQ ES = 500 SPY Dow emini futures = 200 DIA 4 NQ = 3200 QQQ. Therefore, 4 NQ (nasdaq emini futures) contracts trading is like trading 3200 QQQ shares, and this will solve all the routing problems, because there's no routing issue for NQs. Commissions for 4 NQs are $11.80 or...

"profitable trading style" is not an explanation, but a synonym of a "profitable trader". Because, every "profitable trader" has a "profitable trading style". And vice versa, if a trader has a "profitable trading style", he is a "profitable trader" "profitable trading style" doesn't...

Magna wrote: ...people who start with $25K at the beginning of the day in a cash account, buy $10K worth of stock, sell it flat for $10K five minutes later, think it's only reasonable that they still have $25K available to them (minus commissions). That's almost correct. Since funds are...