Posts Tagged ‘E Trade’

yeaaa asked:


Right now i have a normal money market account on E-Trade and i have to wait 3 days for my money to come back so I was thinking of getting a margin account. This is what it says for the rate “6.99% (3.00% above base rate)” Can someone explain this to me?
I usually buy about 20,000 worth of a stock at a time
And does the margin get repaid when the money from the last trade becomes settled?

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Luke asked:


Im filling out my taxes and I just started to use margin heavily and selling twice weekly just enough to make about a couple of grand in my account. I put my taxes into an automated tax filling service when I looked at the top my tax stated I had 5 grand more then I’m worth I never have lost any money but I know i am worth less then the 5 grand so what is going on and im kinda scared if thats the case im going to stop using margin calls immediately.

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