Free Riding
I understand that margin accounts generally have no free ride violations unless trading non-marginable securities. However, say my margin account has $5,000 in cash (i.e., $10,000 buying power) and I make multiple trades over $5,000 within the T+3 settlement period. Would they still count as a free ride violation?
Edit: Actually, stupid question. The broker would not let me use more than $5,000 anyways.
Posted Jul 31, 2015, 11:52 PM UTC · edited
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