Margin Account
1) If I short sell, does it also need to comply with margin rules ? Ie 150% in equity, plus 125% for maintenance?
2) On Margin Rules -
Eg: If I have 10k and buy 20k worth of stocks (use full buying power), how do I understand the margin requirements for it?
Please confirm if the following understanding is correct
10k borrowed from margin ie 10k cash and 10k margin
initial margin criteria is 50% of margin = 10K (equity - does not include margin but includes cash and any equity I have bought from my cash account) + 5K (equity) = 15K
Maintenance Margin criteria is 25% of margin = 10k + 2.5K = 12.5K