Chris, Again you are very confused and I don't understand why you keep posting incorrect statements. Brokerage accounts are NOT insured by the FDIC. They are insured by SIPC. If a brokerage firm offers banking services then the money in that account will be FDIC insured but again that is NOT for your brokerage account that you trade stocks in. Please get your facts correct. This is from E-Trade website: https://us.etrade.com/customer-service/faq What is brokerage insurance? SEC Customer Protection Rule All fully-paid customer securities, including stocks and bonds, are 100% owned by the customer. These securities are required to be kept segregated from E*TRADE Securities' own assets, and cannot be used by E*TRADE Securities to satisfy its own obligations. SIPC Protection In addition, E*TRADE Securities LLC is a Member of SIPC, which protects securities of its members up to $500,000 (including $250,000 for claims for cash). SIPC's explanatory brochure is available upon request or at www.sipc.org. SIPC coverage is not the same as the insurance on bank accounts provided by the Federal Deposit Insurance Corporation (FDIC). It does not protect investors against a decline in the market value of securities. SIPC generally protects customers against the physical loss of securities if the broker/dealer holding the securities for the customer fails.
Honestly, you couldn't pay me to trade equities intra-day, but the swing moves are good. You should reach out to Bright. Very generous over night margin.
Its funny you mention overnights. Right now I have geared one of my systems components to swing trading all the macro suite type ETF `s. it is showing promise and i would like to go to work. What X is the overnight at Bright?
Depends how hedged you are. Honestly I felt they were waaaaaaay too liberal with their risk. Let's put it this way, it's enough for you to go through all your equity.