90 day restriction

[dennis67]

is there a way around  this i stay on the 90 day restriction because i trade alot. then i have to wait for the 3 days for it to settle. just wondering what you guys do. thanks alot for your replys

[REALDEALS21]

Open a MARGIN account.

[dennis67]

i thought about that  but i don't want to take on that much more risk.  any other ideas?

[REALDEALS21]

With MARGIN, there is no risk if you stay within your cash amount. 

[JKN]

Margin account !  Realdeals is right, just don't use margin, trade cash is available immediately after a sell.  Works for me...

JKN

[dennis67]

Margin account !  Realdeals is right, just don't use margin, trade cash is available immediately after a sell.  Works for me...

JKN

ok thanks  this makes sense  never knew it could be that easy. so if i open the margin acount  i can trade as much as i want? are there any restrictions? what do they ask for when you open a margin acount? thanks for your help. i owe both of you a aplaud.

[REALDEALS21]

Restrictions on a MARGIN account are: if you have over 25,000 in a margin account, you can sell and buy all day with no trade limits but if you have under that 25,000, you can do 3 day trades within a 5 trading period. Call you broker and ask them if you want margin and you will probably have to sign a release form and thats it. 

[dennis67]

thanks for the quick reply.

[stocky]

If you dont have 25k and still want to trade atleast every day, then you can use 33% of your capital for each daily trade. That way you will be having atleast 33% of your cash available to you all the time.