SURE11:Overnight Margin Liquidation
Good Day: This serves as a reminder about the overnight liquidation period that will take place beginning at 3:30pm, EST. Failure to bring accounts into the 2:1 margin will result in the liquidating of positions and a $55 Overnight Liquidation Fee. Clients exceeding the 2:1 margin in the post market will result in a $25 Margin Call Fee. Regrds, Sure Trader
at 3:03:37 PM
What does this actually mean?
newb here didn't know about someof suretraders...ways. Lost $500 because i did not realize i had to purchase their unadvertised pink sheet level 1, in order to trade penny stocks.
drained all my money in commissions and fees.
@jprest13 it would be great if you can explain me this issue with sure trader. i do have an account new with sure trader and i don't nothing about this game, really a newbie. does it mean i have to buy this pink sheet level to trade penny stocks? please be aware english isn't my language, if you can use simple words i would be so glad:-)
Yes. I lost $500 because i started off strictly experimenting with penny stocks, trading small amounts just to learn, Little did i know that the commissions and other fees were taking large sums with every trade. The Pink Sheets level one supposedly adjusts these fees so that it is more possible to make a profit.
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