Small newby investor with a 2k account.
Got a message this morning from my online brokerage platform that I had a Violation Margin Call of $1350. I called the brokerage service and apparently the margin call occurred because I didn't give a trade time to settle. I explained that I was out of the trade and currently sitting on $1950 in cash balance in the account. He said in order to clear the margin call I had to import an additional $1350 to the account.
My questions: How long should I wait between trades for settlement and not get another violation (only allowed 2). Why didn't the cash in the account solve the margin call?
Submitted January 06, 2017 at 11:37AM by newbyinvestor http://ift.tt/2ik4OhE
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