Hi Folks,
I have a basic question about margin that I wanted to clarify with you folks.
If I want to trade before the market opens (before 9:30AM EST) my trading would still fall under the intraday margin rules with my broker, correct?
So, the only time that maintenance margin would come into play is if I chose to stay in a position past the 4-4:30PM trading halt at the exchange. After 6PM the market opens back up and the intraday margin requirements resume, correct?
I find myself in front of a computer every morning well before 9:30AM and have seen some opportunities pre-market but wanted to double check to confirm I wouldn't get fined or margin called because of ignorance of the rules.
Thanks!
I have a basic question about margin that I wanted to clarify with you folks.
If I want to trade before the market opens (before 9:30AM EST) my trading would still fall under the intraday margin rules with my broker, correct?
So, the only time that maintenance margin would come into play is if I chose to stay in a position past the 4-4:30PM trading halt at the exchange. After 6PM the market opens back up and the intraday margin requirements resume, correct?
I find myself in front of a computer every morning well before 9:30AM and have seen some opportunities pre-market but wanted to double check to confirm I wouldn't get fined or margin called because of ignorance of the rules.
Thanks!