Hello,
Happy new years to everyone. I just have a quick question. Does anyone trade with margin and what are your pro's/con's on it. Would you recommend to trade with margin or just stick to straight cash account.
-Greg
Posted Jan 04, 16 8:21 PMbyGregoryreyes84
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I opened the margin account first to be able to short, and second so I didn't have to wait 3-5 days for the cash to settle, never to use the balance above my investment. The cash account isn't under pdt so if balance is 5000 and you use only 1000 at a time, you'll have 5 trades a week instead of 3 under pdt. If you hold overnight, pdt isn't an issue.
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