Can someone explain this to me?

C

cashclay

  • Your account is exceeding 6:1 margin during intra-day trading (9:00am – 3:30pm) EST
  • Your account is exceeding 2:1 margin beginning at 3:30pm EST
sORRY Im still new to trading and not quite sure what this means. How could i exceed a 6 to 1 margin? Wouldnt the platform not allow this? Wouldnt the broker tell me that i have insufficient funds?
 
Losses push the account below 6:1 maybe ??

Obviously, 6:1 is daytrading only, 25K+ USD account, after 3:30pm over night holding and Margin drops to 2:1, you can leave your account size +80% say on the table if you want to.
 
cashclay said:
By the way this is suretrader
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Are you on a broker Nuetral platform? Are you trading options? They should be able to monitor buying power for equities but options are harder because they use cash value not risk.
 
Turveyd said:
Losses push the account below 6:1 maybe ??

Obviously, 6:1 is daytrading only, 25K+ USD account, after 3:30pm over night holding and Margin drops to 2:1, you can leave your account size +80% say on the table if you want to.
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6:1 is PM margin and you need a much larger account for PM than $25k.
 
rmorse said:
6:1 is PM margin and you need a much larger account for PM than $25k.
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I thought type, as in 4:1 most likely, so he's likely got 100K+++ invested and he's a newbie.

Feeding time at a the zoo if so!
 
Turveyd said:
I thought type, as in 4:1 most likely, so he's likely got 100K+++ invested and he's a newbie.

Feeding time at a the zoo if so!
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I just checked out the Sure trader website. They are an off shore company and not a FINRA Broker Dealer. I'm not familiar with the securities laws in the Bahamas. I'll stick with SIPC member broker dealers that are SEC registered with FINRA as their SRO. And, they can't take USA based accounts.

Swiss America Securities, Ltd.
Licensed by the Securities Commission of The Bahamas to carry on the business of a Broker Dealer and Investment Advisor.
 
Im trading solely in single stocks; no options or anything like that. I just asked suretrader and they told me i have to makje the calculations which seems very odd to me.
 
I just didnt understnad how someone could exceed the 6 to 1 margin. I would have assumed if im assuming correctly in this matter that the platform wouldnt allow the transaction to go through; like it does on every other platform.
 
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