I have ,000 in equity at a discount stock brokerage firm. I make my own decisions and trade frequently. It will say I have ,800 in buying power. Just starting today they added something called day trading buying power and it is close to ,000. If I was to use ,000 of this power would it mean I would have to sell what I bought within the day or could I still hold the position overnight? I also can’t see why I am granted ,000 in power for the first time. Anyone know what to tell me about my 2 questions?
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