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I said I did not want advise of this nature. So if you insist then go ahead. I've got you on 'ignore'. I don't want to get into arguments with anybody here.

After going into more detail over the weekend I have the proof to render your statement wrong - Your statement: In addition, with issue about not having 2:1 overnight BP was because of SMA being less than Maint Excess. The rule is to use the lessor of the SMA or Maint Excess to determine the...

Jesus man, women will love you to death.

Yes you did misunderstand.

This is a first for me. But after looking into it in more detail , I'll lay it out as I think it is being calculated by your clearing house. If the S.M.A is lower than the Maintenance excess, then the figure that is calculated as the Reg-T buying power is used as the overnight buying power...

I am still mystified. Just because I signed a margin agreement doesn 't demystify things.

What about it steve? I may have signed such an agreement on JUly 2, 2003 as you say. I don't recollect that far back but I must have done so when I initially opened my account with you.

I'll have to give steve the benefit of the doubt here. However, I'll reserve judgement till I get his explanations and computations on how SMA is calculated. I've been trading at another firm for more than five years and never has this sort of calculation been applied to my account. It was...

Really. Buying power is Buying power to you hah? Never mind if it is overnight, real time, or starting morning daytrading buying power. Tells me how much you know about the retail side of things. You've got the buying power. Go for it. Reg T be damned. Buying power is buying power!

All your earlier versions showed DTBP, OBP and real time buying power in the "Account Balances" window. The level II window only shows one figure - Real time buying power. Nothing else.

No it does not. The Account balances window does not show buying power of any kind. Only the level II screen does.

Steve, thanks for your help. For the last 4 days my overnight buying power has been incorrect. These are figures I double checked with penson's website. The DTBP is 4:1 but the overnight is not 2:1. It is approx 40% of the DTBP instead of the 50%. So to reiterate it is not the buying power but...

i have their latest software and it does not show any buying power period. Are you a shill for MB Trading. I've gone through your posts and you jump up to defend them at every opportunity. Look Einstein, I challenge anybody on MB to look at my records and tell me that I am wrong. I can prove...

I just started trading with them - I get 4:1 DTBP but not 2:1 overnight.. I don't even have a margin loan with them. It is less than 2:1. Here's the kicker: Their software does not show either your morning, real time or overnight buying power. Shortable shares are not available on all the...

When you download SS pro, it will detect your CT software and prompt you if you want to transfer your CT settings to SS pro.

Cybertrader's platform including Level II was the closest to perfection any trader could ask for. Probably no longer after their integration with Schwab.

Thanks.

Can you change the Share quantity in book trader before you send out an order? for example if default 1s 100 shares can you change that to 500 for a particular order? I don't have an account with IB but am interested in opening one. Their video on the book trader was not clear and didn't address...

There is a lot of material that isn't right. Check these words from his original post; traded part time for a number of years and then day traded stocks full time for about ten years. I started with about 5K 20 years ago and built it up to over 1.4 million until about about six years ago. I...

LMAO.