Other Margin Accounts

What this video covers

• The two-part pattern day trader trigger: 4 or more day trades in 5 business days plus those trades exceeding 6% of total trades, and why missing either condition means the label does not apply
• The $25,000 minimum equity requirement for pattern day traders, and why cash plus eligible securities both count toward that figure
• How day-trading buying power is calculated at 4x the prior day's closing equity minus maintenance requirements, and what happens when that buying power is exceeded
• The consequences of an unmet day-trading margin call (buying power restricted to 2x) versus an unmet special maintenance margin call (cash-available basis for 90 days)
• How portfolio margin uses risk-based modeling instead of fixed Reg T percentages to find the greatest projected net loss across positions
• Why the general portfolio margin minimum equity is $100,000, and when the $5,000,000 figure actually applies (unlisted derivatives only)
• Why individual retirement accounts (IRAs) are categorically ineligible for portfolio margin regardless of account size
• When the margin disclosure statement must be delivered (at or before account opening, then annually), and what harsh rights it discloses (cross-account liquidation, no advance notice, no time extensions, unlimited loss potential)