What does Net liq and day trades mean?
Table of Contents
What does Net liq and day trades mean?
Net Liq & Day Trades refers to the moment-to-moment value of all assets in the account, including cash and option positions. Option Buying Power refers to how much margin money is left to use in your option trades.
What is BP effect in thinkorswim?
Explore how much capital an individual position requires on the Position Statement section of the Monitor tab on the thinkorswim platform. The BP effect, or buying power effect, is the impact a position has on an account’s available trading capital, or buying power (Figure 1).
Why is my stock buying power negative?
If it shows negative buying power, your account may be in a margin call. And if you have a portfolio margin permissioned account, you can check the BP effect of a trade on the order confirmation dialog box before you place a trade.
Why is my buying power more than my cash balance?
It is NOT your cash balance. A number of things can affect how much buying power you have, but the basic idea is that you might have cash you’ve already set aside for another purchase, you might have the ability to borrow money for trades, or you might have some of your buying power tied up in “Margin Requirements”.
What is margin credit balance?
A margin credit indicates the amount due to you based on margin trade executions or an amount needed to meet margin requirements. On settlement date, this amount would be journaled to your Core if there is surplus in the Margin account.
What is a cash alternative redemption?
Alternative Cash Redemption means any of the following: (i) the redemption of certain shares of Unimin Capital Stock in exchange for a note or other evidence of indebtedness; (ii) the repayment, satisfaction, or other discharge of a note or other evidence of indebtedness issued in the redemption described in the …
Can you day trade with a cash account?
One major plus side to cash accounts is you can day trade all you want as long as you have settled funds and won’t be held to the pattern day trading rules in a margin account.
