Series 99: 1.2.2.7.7 Day Trading In A Margin Account

Taken from our Series 99 Top-off Online Guide

1.2.2.7.7 Day Trading in a Margin Account

Day trading is when a customer buys and sells the same security on the same day to try to take advantage of small changes in the market. Day trading must take place in a margin account. Unlike regular trades purchased on margin, however, day traders get to have buying power of up to four times any equity over 25% of the market value of the securities.

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