Day Trade Buying Power Call at Buying

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Day Trade Buying Power Call. A day trading call occurs when opening trades exceed the day trade buying power issued on a given day. Your day trading buying power is equal to the excess maintenance margin that is available in your account multiplied by four.

from venturebeat.com

Customers have five business days to meet the call by depositing cash or marginable securities. If your account exceeds that amount on executed day trades, a. You then have 5 business days to meet a call in an unrestricted account by depositing cash or marginable securities in the account.

The basic formula for day trade buying power: 30 day call pnl = 35 x 17 = $595. The basic formula for day trade buying power: 60 day call pnl = 25 x 24 = $600.