So I thought I would be able to trade today, guess not. I just learned from my brokerage that cash trades once settled require an addition day to journey the fund into my margin account. What the... I am unable to make any profit for the week. Furthermore my holdings are falling in price value. What terrible timing to get a margin call.
I will be able to day trade on Monday and I will have a more cautious outlook because next week should be very volatile. Its a week were many companies post their 1st quarter's earnings. I must be patient and on the look out for big swings.
I think I am going to switch brokerages pretty soon. This is getting really annoying,
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