GO
Help
All content in the ZeccoShare community is generated by its members and does not contain advice or recommendations on behalf of Zecco Holdings or Zecco Trading. More>>
Content Name: CommunityDisclaimerShortLeftNav
Preview Revision #:
Active Revision #:
Edit Content
Zecco.com » General Investing » Margin Trading » buying power update after selling e...
Last post 10-22-2008, 9:58 PM by yanashawle. 23 replies.
Page 2 of 2 (24 items)   < Previous 1 2
Previous   Next
Content Name: ForumThreadInternal
Preview Revision #:
Active Revision #:
Edit Content

  •  06-17-2008, 7:25 AM 31677 in reply to 31676

    Re: buying power update after selling equities

    Reply Quote
    ahaau886:
    BTW, looks like I got it correct, airlines reached market bottom on last Thursday. Due to my greedy and zecco rules, I lost on a correct judgment.


    How did you lose on a correct judgment?  Just curious!

  •  06-19-2008, 12:50 PM 31897 in reply to 31677

    Re: buying power update after selling equities

    Reply Quote
    as I stated before. I sold first, and waited to buy in at market bottom. but buying power doesn't update after selling. I found I had to wait for the next, the next day, market moved up. I lost $4000.

    The "real time" column in Balance doesn't update real time for selling, you have to wait for the next day. The FAQ says that they update your buying power immediately after selling for margin account.

    That's incorrect.

    Right now, whenever I sell, the expected amount disappears. not shown in total balance or buying power, simply gone.

  •  07-25-2008, 11:34 AM 34278 in reply to 31676

    Re: buying power update after selling equities

    Reply Quote
    My question is why does Zecco allows the investor to play a Trading call, A broker can stop you by giving message before you trying for a call. Investors are not born, day to day experience make the people investor. Why do you allow an investor to commit a call?. Why the call rule exist?.

  •  07-25-2008, 1:50 PM 34285 in reply to 31897

    Re: buying power update after selling equities

    Reply Quote
    Yes, Zecco sucks when it comes to margin accounts.  I have to call in about once a week to move all my Type I (cash) positions to a Type II (margin) position.  For some reason, my account keeps placing Type I orders when I have a margin account.  I'm thinking it's because I originally had a cash account and Zecco never updated it to margin correctly.  However, none of the customer service reps can figure it out.  I just keep calling and they just keep converting....fun, fun!  I guess you get what you pay for around here!

  •  07-25-2008, 7:51 PM 34299 in reply to 34278

    Re: buying power update after selling equities

    Reply Quote
    tamilselvan:
    My question is why does Zecco allows the investor to play a Trading call, A broker can stop you by giving message before you trying for a call. Investors are not born, day to day experience make the people investor. Why do you allow an investor to commit a call?. Why the call rule exist?.


    I don't think you can blame Zecco on this one.  It doesn't matter where you go, the day trading or margin trading rules work the same everywhere else.  About the second part of your question, why does Zecco  allow an investor to commit a trade that would violate the rules which will cause a call?  I think it has something to do with  "freedom" and "freewill".  It's like God has the power to stop people from commit a crime, but God does absolutely nothing to stop them.

  •  09-15-2008, 12:51 PM 38324 in reply to 31676

    Re: buying power update after selling equities

    Reply Quote
    Hi
    I am new to margin account.
    I want to convert my cash account to margin. Any one can help. If any one knows complete details please post ASAP.
    Thanks,
    Abc
     

  •  09-17-2008, 9:44 AM 38472 in reply to 34285

    Re: buying power update after selling equities

    Reply Quote

    yes, I agree with you. I have a cash account. when I sold something and I have to wait 3 days before I can buy again, but 3 days later there is no buying power update. I have to call in again, again !!!!. Do anyone have similar problem?

  •  09-17-2008, 9:49 AM 38474 in reply to 38324

    Re: buying power update after selling equities

    Reply Quote

    Yes, It is easy to convert to margin account all you have to sign the form to convert from cash to margin but you will have a headache because keeping track of what you sold and not to violate the rules. Stay at cash account and easy to track of what you sold and when the money update and buy again.

  •  10-22-2008, 9:58 PM 42642 in reply to 34278

    Re: buying power update after selling equities

    Reply Quote
    tamilselvan:
    My question is why does Zecco allows the investor to play a Trading call, A broker can stop you by giving message before you trying for a call. Investors are not born, day to day experience make the people investor. Why do you allow an investor to commit a call?. Why the call rule exist?.


    I got a Reg T call as well. I guess I just got confused and didn't remember how much cash I have. (The cash balance wasn't updated real-time).

    Can I simply sell the stock I bought on margin? Or Do I have to deposit cash to meet the call?
     
Page 2 of 2 (24 items)   < Previous 1 2
Content Name: StandardBottom
Preview Revision #:
Active Revision #:
Edit Content
 


ZeccoShare is currently in Beta mode. In case you wish to provide feedback, please post it in the ZeccoShare Forum.

ZeccoShare provides a confined and secured environment. The information you share (e.g. profile, holdings, trades, performance) is only displayed to other Zecco members. Guest (i.e. not signed in) are not able to see any individual member information. Guests will only be able to see anonymous, aggregated community data.

Zecco members marked with a ‘Zecco Associate’ medal are employees of Zecco.com. They are not registered representatives of any broker/dealer, and are not registered with any national securities exchange. All information displayed and all posts made by these users are their personal information and opinion, and not the opinion or information of Zecco.com. Zecco.com is not a broker/dealer, has no access to material non-public information about publicly traded companies, and does not make any recommendations regarding the purchase or sale of any security.

All content in the ZeccoShare community is provided for educational and informational purposes only, does not constitute a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in such content, and does not represent the opinions of Zecco Holdings or its employees. Your use of the ZeccoShare Community is conditioned to your acceptance of all Disclosures and Terms of Service.
Close [X]
Content Name: CommunityDisclaimerLong
Preview Revision #:
Active Revision #:
Edit Content

More details about online investing and trading stocks with Zecco Trading:


Zecco Trading has reconstructed the mold of options trading and stock trading online, making it easier than ever for you to get smart and act smart with your money. Need to sell stock or buy stock online, interested in penny stocks? With Zecco Trading, you get 10 free online stock trades each month with $2,500 or more. That’s right, free online stock trading. Otherwise, it's only $4.50 per stock trade. Where else will you find a discount broker who looks out for your best interest by providing you free online stock trading and a community of investors to share ideas with?

The ZeccoShare Community is a great compliment to Zecco Trading. With ZeccoShare you can learn online about stock trading and get advice on stock trades and options trades from people who invest like you and who have similar risk tolerance. Who says online investing is complex? It doesn’t have to be. With ZeccoShare you’ll be able to ask questions, contribute investing ideas, share your investment portfolio (but not any dollar amounts), share your stock trades or options trades and your investing performance to help everyone learn to be a better investor.

Read our education section for information on How to Trade Options.

Terms of Service - Privacy Policy


Zecco.com is a financial portal of Zecco Holdings, Inc., which also provides access to Zecco Trading, Inc.’s trading service. Zecco Holdings, inc. is not a securities broker/dealer. All securities and investments are offered to self-directed investors by Zecco Trading, Inc. Member FINRA /SIPC. More information is located on the disclosures page.

At Zecco Trading, you can make up to 10 free stock trades in any one month that you maintain a $2500 minimum account net equity. After that, you pay only $4.50 per stock trade. Options trades are $4.50 plus $.50 per contract. Only the first account of any account type is eligible for the Zecco Trading, Free Trading program. Any multiple accounts of the same type with the same registration are not eligible for the free trading program. Free Trading Program is only available through Zecco.com. $0 minimum to open cash and IRA accounts.

* Margin accounts require a $2,000 minimum balance for opening and trading on margin. Margin trading involves risks and is not suitable for all accounts.

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options.

Multiple leg options strategies involve additional risks and multiple commissions, and may result in complex tax treatments. Please read Spread Trading Disclosure.

Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund or ETF carefully before investing. A mutual fund/ETF's prospectus contains this and other information, and should be read carefully before investing. <