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>> No.355875 [View]
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355875

Margin Accounts - Can someone please help clarify?

As of now, this is my account balance.

I am not sure why it states I am -$5,958 from my margin balance; is this because my 0 trade limits have reached and I need those funds to settle? I don't believe I should be in the negative of my margin account.

Also, just from looking at this, it appears $5,995 is my own actual money, however I have no clue why my "Marginable Securities" are up to $17,400 - this looks to be way too much over my initial cash deposits.

My apologies for being so new for this. New to the trading game, and Im up almost $300, so I want to make sure Im not screwing anything over horrifically.

Non-Marginable Securities = My Own Money = correct?
Marginable Securities = Money that is borrowed to increase my purchasing power, correct?

So what about my $300 I've made so far? is this split into 2; 1 to go into my non-margin account, the remaining back into the margin account? And how does it determine how much goes into each account? Is it all percentage based?

Thank you all for any insight you could help bring to this struggling newbie.

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