M macattack Mar 24, 2008 #1 My broker says $500 for daytrading margin, something like $3,250 for overnight. When does overnight happen? What if I buy now and sell in an hour? What if I buy at 2am and sell at 5am? Which margin applies?
My broker says $500 for daytrading margin, something like $3,250 for overnight. When does overnight happen? What if I buy now and sell in an hour? What if I buy at 2am and sell at 5am? Which margin applies?
C cszulc Mar 24, 2008 #2 The overnight does. Daytrade margin is during when the equity markets are opened (9:30am-4:00pm EST).
The overnight does. Daytrade margin is during when the equity markets are opened (9:30am-4:00pm EST).
