I just opened a margin account with a online brokerage firm, Can I use margin for day trading?

Question

I just opened a margin account with a online brokerage firm, Can I use margin for day trading?

Answer 1

Yes you can use it for day trading, but do you really have to,

Just remember, if you're going to day trade, you will have to MAINTAIN equity of $25,000 at all times.   This means that the market value of you stocks less your debit must be greater than $25,000

Based on your question, I think it would be in your best interest to do more studying before you use your margin account and even do any day trading.

Answer 2

Yes, but the margin requirements for day traders are different than ordinary traders. See your brokerage for details.  

Answer 3

You can.

Answer 4

You bet!

Just make sure your account's liquidation value stays above $25k to actively day trade.