I have a basic question about day-trading with margin. Are there any brokers that don't use real-time monitoring to liquidate your positions if they don't meet the maintenance margin requirement, but instead calculate this at the end of the day? So, if you don't meet the requirement at, say, 12:00 PM they don't liquidate anything immediately, but would instead do this at market close? Or is this generally not available?
I assume you are asking about equities. Clearing firms are required to monitor margin by time and tick. If they can't monitor that way, they have to use an aggregate method which is worse. An online broker is set up to not allow margin calls. Institutional relationships typically don't have auto-liquidation, but you will get a margin call at EOD that must be met. If you are looking for excess margin, it would not be available to you in a customer account.
may i? it won't be fair to any broker, would it? not withstanding if the market would go for you or against you, to have your broker(s) holding the bag in any amount or any time frame of any uncertainty or any where.... just an old man's one man opi.... my humble advice, if it is worthy anything or anything at all; if and when the market(s) goes against your position at any time, the best and the safest way for anyone including myself is.... to get out as soon as humanly possible.... JUST TO ASCERTAIN THAT WE WOULD HAVE ENOUGH TO TRADE FOR FUN AND PROFIT THE NEXT SESSION OR THE NEXT DAY.... k? it is better to get hurt than to be broke.... agree? nakachalet@gmail.com
OK, I see. So it is not possible. Basically, I would be looking for a way to keep higher leverage while still allowing for fluctuations in price during the day. I would want some stop loss so that my balance is positive, however not necessarily at the point where I hit my maintenance margin, since that may be triggered very easily with higher leverage in a portfolio margin account.
yes, it looks like you are on your way to be a terrific and profitable trader in a very short time indeed. bravo. but i really won't want to say, it is not possible.... maybe you could, if you try very hard, find some sucker broker(s) who might want an arm and a foot from you, to allow you to drag on a losing position....! you in the right frame of mind, surely, won't want to do that ever, would you? have fun trading.
Is this a Reg-t or PM account? PM margin is calculated at EOD, but the day-trading calculation is time and tick so you will still get a DT call if you use more than your PM margin at any point during the day or a risk call from house rules. Can't escape it.
This is a PM margin account, and my broker will probably be Interactive Brokers. I can't tell from their website whether they force liquidation immediately. Yes, I realize that I couldn't buy more than the PM margin allows during the day, but if I am near the max margin available after I buy, and then during the day it dips below maintenance margin levels, and finally then liquidation happens at EOD I am fine with that.
IB will liquidate you if you don't cover yourself quickly. We introduce to Apex Clearing. In general, we don't auto-liquidate unless you received a risk call and were non-compliant. We expect that if you were to get a margin or DT call that you will wire in money to meet the call. My email is below if you would like me to contact you to discuss our services. Bob
Why do you want to max out your leverage and not have the broker close you out when you are losing huge?