Optionshouse day trade buying power. I just got approved for 4X buying power for day trading. This is the e-mail I received.

Optionshouse day trade buying power

What Is Day Trade Excess?

Optionshouse day trade buying power. Because none was provided, for a week or so there I had negative margin buying power in my account and a day trade buying power that was too low, even though the value of my account had actually gone up during the ten days or so it took to transfer (during the full transfer you will have no access to.

Optionshouse day trade buying power


However, don't hesitate to tell us about a ticker we should know about! Spam, ads, business solicitation, and self-promotion posts or comments will be removed and you might get banned. Context and effort must be provided; empty posts or empty posts with links will be automatically removed. Posts regarding this topic will be automatically removed. Question I May be issued a fed call?

I received a trade confirmation notice. Recently however, I got an email from OptionsHouse saying,. Please be advised that you have exceeded your initial Reg T requirements for trading today. You may be issued a Fed Call overnight for the amount of this excess if no positions are closed today. I did not borrow any money or use a margin account to my knowledge. Did I mistakenly borrow money by not allowing the trade to settle into my account?

I've contacted OptionsHouse and am still awaiting response. Any help would be appreciated to help me further understand the situation. Noob follow up question: Does it just have to do with a time requirement, as in you must wait x amount of days after buying a security for us to charge your account? If so, is that a product of inefficiency or to make sure traders with cash accounts aren't day trading on margin?

Sorry if this is an ignorant question! Usually, it's considered a day trade if it's traded within the same business day. Normally, you're good to go the next trading day. Use of this site constitutes acceptance of our User Agreement and Privacy Policy.

Log in or sign up in seconds. Submit a new text post. Resources Wiki for new investors Join our live chat! Pattern day trading Rules Disclose any related open positions when discussing a particular stock or financial instrument. Trolling, insults, or harassment, especially in posts requesting advice, will be removed.

Welcome to Reddit, the front page of the internet. Become a Redditor and subscribe to one of thousands of communities. This is an archived post. You won't be able to vote or comment. Recently however, I got an email from OptionsHouse saying, Please be advised that you have exceeded your initial Reg T requirements for trading today. Want to add to the discussion? What you're doing is known as freeriding.

It's a big no-no.


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