OK,     Two Questions.   One Basic one, and then one alittle more complicated.    1.  Basic and yet quite important.   Is the buying power 2X the cash amount or  2-1/2X the cash amount?   I Ask this because, I could have swore that when I started on this site.  It was 2-1/2X the cash balance.    Has it Changed?                  Second Question?   If I had $5,000  cash... lets say that the margin is 2X,.. I would have $10,000 buying power.    So,   If in a margin account,  I can day trade 3 times in a 5 day period,...   Would i be able to buy and sell $10,000 worth of stocks on monday and then buy and sell another $10,000 worth of stocks on wednesday, and then buy and sell another $10,000 worth of stocks on friday?              I really Imagined I could.  Buy my gut is telling me this isn't possible.            All replies are welcome...   However, please let me know if you have done this before, and you know for a fact, that this can be done,  or you know for a fact, that it can't.       I ask all of this because I have been working really hard to get to point of changing my Cash account to a Margin account,  and I want to be ready to go on day one.       Thank You

The answer to your question #1 is here:  http://www.zecco.com/

Thanks for the link.  Alot of good info.     Thanks

Just to clarify,           I'm not asking if I can trade those 3 days,  I know I can.    What I'm asking is if I can buy and sell  ****$10,000.***   The full amount of the equity and margin,  each of  those 3 day periods.    I'm assuming that the reason for us being able to trade 3 times in a 5 day period, is that we are in fact using the margin, while waiting for our stocks to clear.    So... If I was to use the full amount of equity and margin to purchase stocks on Monday,  is there any buying power waiting for me on either Tuesday or Wednesday  or Even 10 minutes later.                            

Oh   Yes,        They really don't state what the buying power is    2X     or    2-1/2x.      That's not so much of a problem.  As soon as my account switches over to Margin it should be obvious.            Also,  If no one knows the answer to the second question,   That will also be easy to fiqure out,  as soon as I complete my first Margin trade.                 However,  depending on the answers now, I may need to go back to the drawing board and recalculate my Game Plan.             Thanks

The answer is in the link that I just gave you.

Security	Price	Initial Margin Requirement	Maintenance Margin Requirement
Listed Equity	$5 and below	$2.50 per share or 100% of market value, whichever is greater.	$2.50 per share or 100% of market value, whichever is greater.
Listed Equity	Above $5	$5.00 per share or 50% of market value, whichever is greater.	$5.00 per share or 30% of market value, whichever is greater.

You were asking if you can trade up to 2x?  Yes and No, it's really based on the type of security that you trade as mentioned in the table.

           No,  What I'm asking is,   if I use up all my cash and my margin on a trade,  and then sell it the same day,   Will I have all those funds immediately available to me.      I do know that If I was to use all my cash,  I would have funds available.    What I am just double checking, is wether or not, all the funds including margined fund would be available.       Would I have my entire buying power back.  for another day trade, using all my money and the margined funds.           And if the answer is yes,   Have you had experience using the margin in a day trade, and have seen this happen yourself.         OH, and to clarify, I already understand the margin requirement.

Normally, I would answer yes to your question; however, since we are here on Zecco, the normal space time continuum doesn't quite work here.   You just have to find out for yourself.

       We'll  Stardust,    I can only assume you have never used Margin before,   Since I've stated to let me know if you've done it before and this would let you, yet most importantly me know, whether it can be done or not.    I'm not looking for someone who is able to give me refrence material.    The internet is filled with it.    Reference material isn't the same as first hand knowledge, or in this instance,    (second hand knowledge).        Good Luck.

wow are you stupid

bulldozer:

       We'll  Stardust,    I can only assume you have never used Margin before,   Since I've stated to let me know if you've done it before and this would let you, yet most importantly me know, whether it can be done or not.    I'm not looking for someone who is able to give me refrence material.    The internet is filled with it.    Reference material isn't the same as first hand knowledge, or in this instance,    (second hand knowledge).        Good Luck.

LOL!   I'm a day trader and an expert margin trader.   I find it very funny that you thought I have never used Margin.

           We'll Stardust,  I can only assume you either,  don't understand my questions or you are simply incapable of sharing your knowledge with others.    In which case,  You should stick to reading the questions on the forums,  instead of giving  condescending remarks.   ( Especially to the wrong questions).                   As I stated before,  I already know that within 5 days, I will know all the answers to the   questions I asked.   (Without any margin calls, involved.)     What I am, Is overly excited, and I simply can't wait any longer to get in there and use the Margin.  And all I was looking for was a little info, from somebody who has the experience.  AND IS WILLING TO SHARE IT!!!     

Unbelievable!    I have given you more than just a simple answer at least twice already (in this thread) and yet you still don't get it.   Good luck on finding someone else to help you from this point forward.  Good bye!