QUESTION about day trading buying power

G

gilbertopetro

Say I have $50k of equity in my margin account.

During the trading day:
I buy $40k of stock XYZ at 9:45
I sell $40k of stock XYZ at 10:00
I buy $40k of stock ZYX at 10:15
I sell $40k of stock ZYX at 10:30
I buy $40k of stock YYY at 10:45
I sell $40k of stock YYY at 11:00
I buy $40k of stock ZZZ at 11:15
I sell $40k of stock ZZZ at 11:30
I buy $40k of stock OOO at 11:45
I sell $40k of stock OOO at 12:00

At noon, I have opened and closed a cumulative total of $200k worth of day trades (4x the amount of my equity).

Is my day-trading buying power exhausted for that day?

Or am I able to initiate further trades that day?

Thank you for your time and response.

Gilberto
 
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