Account Info on ThinkorSwim Explained Buying Power Cash amp Margin Explained

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http://youtube.com/watch?v=eNoxU40clls

In this video we explain the meaning behind numbers displayed in the account info section, cover how to customize the gadget, and hide balances. If you’d rather read what each value represents, check out the description below. • -------------------------------------------------- • TraderLog (My Trading Journal)👇 • https://traderlog.io/ • TradingView (Best charts in the game) • https://www.tradingview.com/?aff_id=3... • Tastyworks (Great for options traders) • https://start.tastyworks.com/#/login?... • Webull (UP TO 12 FREE STOCKS) • https://a.webull.com/KJLaoiDnnHrFKovdOg • -------------------------------------------------- • Net Liq and Day Trades: This is the actual value of your account. This includes all of your investments and cash. Basically, if you were to close out of all the positions in your account at their current prices, this is how much you would be able to take out in cash. • Cash Sweep Vehicle: Cash and sweep is the amount of cash you actually have in the account currently. If it’s a positive number, that’s how much you have to spend without borrowing a single penny on margin. If cash and sweep is a negative number, that is your current margin balance. • Option Buying Power: This is the amount of money you can spend on non marginable securities. Things like options, penny stocks, or really volatile stocks that your brokerage has put a 100% maintenance requirement. At the time of making this video, that would be stock like AMC or Gamestop. • Stock Buying Power: This is the amount of money you have to spend on fully marginable stock. Think of stock like Apple, Netflix or Microsoft. Now keep in mind, if you spend beyond your cash that would mean dipping into margin. Although it says I currently have 200k in stock buying power, if I were to buy $150,000 of apple stock, my cash and sweep would immediately show negative $50,000. • If you want to avoid borrowing on margin, you need to keep an eye on your cash and sweep not your stock buying power. • Lastly, day trades left simply shows you how many day trades you have remaining until you’re flagged as a patter day trader. This will only apply to you if you’re trading in a margin account and will only negatively impact you if you have less than $25,000 in the account. If you have a cash account, you can remove this from your account info section entirely • Timestamps: • 0:00 - Intro • 0:45 - Add/Remove Info • 1:05 - Net Liq Day Trades • 1:20 - Cash Sweep Vehicle • 1:33 - Option Buying Power • 1:52 - Stock Buying Power • 2:20 - Day Trades Left • 2:45 - Hide your Balances

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