I am a little lost on understanding buying power, since my NT is acting wierd right now I cannot tell if it is effecting my buying power or if it is really how buying power acts in the day from trading...
if I understand it right when you are labled a PDT you get a 4 to 1 buying power, so if I have $25..000 in my account I would have a $100,000 to trade with...
now if I purchase 1000 shares of a 100 dollar stock I am ok so long as the stock goes up? If it goes down 10% what would happen?
once I sell the stock say for a 10% gain and have 110,000 is my buying power instantly adjusted? does it adjust on every buy and sell instantly?
my NT account has an 80,000 buying power each start up to the day, sometimes I am only down $100 and in one trade of $35,000 in equity, I go to enter a second position on a different stock at $35,000 and the order gets rejected... when I look at my account buying power is negative, like -75,000 buying power and cash value is whatever...
if my account is only down 100 bucks from prevoius trading and I am in a trade which took $35,000 and say it has not gone up or down and is worth that $35,000 in equity shouldnt I be able to still buy $35,000 worth of another stock at the same time?
Sorry if this is confusing or doesnt make since, I just do not know if I don't understand buying power with day trading or if NT is not caculating it corectly..
Thanks for any and all help...
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