You are able to use your minimum, right?

JT_Moore said: "And by minimum, I mean the $1000 you give when you first open your e-trade account. You are able to start investing with that money, right? And do you have to use it all the first day, or can you just buy a little, then buy more later."

lb19984 said: "yep you can start using it right away and buy as little or as much as you want and if your total (stocks+cash)= less than $1000 you will be charged a monthly fee i think :-D"

lb19984 said: "yep you can start using it right away and buy as little or as much as you want and if your total (stocks+cash)= less than $1000 you will be charged a monthly fee i think :D"

lil dickie said: "If you have margin, you can use even more."

thezster said: "[QUOTE=lil dickie]If you have margin, you can use even more.[/QUOTE] Until you've been doing it long enough to know what you're doing... stay with a strictly cash account."

lil dickie said: "I agree with that completely. Margin interest can really add up. And if you lose, you lose DOUBLE and owe interest!"

powerbuddy said: "I am sorry i am fairly new to equities, but i dont understand why would you need a margin account for day trading purposes? I know its a rule, but i dont see its purpose? Isnt cash a safer bet than a margin for brokers?"

Mr. Gekko said: "[QUOTE=powerbuddy]I am sorry i am fairly new to equities, but i dont understand why would you need a margin account for day trading purposes? I know its a rule, but i dont see its purpose? Isnt cash a safer bet than a margin for brokers?[/QUOTE] Your broker can restrict your account if you day trade with an all cash account. Check out the following thread... maybe it'll help explain why... [URL="http://www.superiorinvestor.net/thread3513.html"]http://www.superiorinvestor.net/thread3513.html[/URL]"