The Balances section of the Portfolio window provides the most relevant figures to your account. Review your cash and securities value, find your account equity, and determine your buying power at a glance. Every transaction you make will be immediately reflected in the appropriate balances and will also be logged to your Trade Journal. Interest charges or deposits to your account are recorded during overnight processing and will appear the following business day.
Your account balances are composite numbers based on the various deposits, transactions, and purchases you make over time.
When you first open your account, your initial deposit amounts will show in Account Equity and the Cash balance. If no purchases were initiated during the account opening, the composite Margin Requirement balance will be zero.
After you make several security purchases, the Margin Requirement will be calculated as the sum of the initial margin requirements of each stock purchase made now plus the sum of the maintenance requirements of each stock purchase you made prior to this point. Because of this composite nature of the account balances, the impact of a particular transaction upon the balances may not be obvious.
Your Account Equity will respond correspondingly to each purchase, sale, deposit, or withdrawal you make and will also fluctuate directly in proportion to the fluctuations of the current market value of any securities in your portfolio. Commissions are subtracted with each transaction. Account Equity minus the Margin Requirement yields the Excess Equity balance.
Your Buying Power is computed as Excess Equity divided by the current Regulation T requirements. Presently, the margin requirement for new purchases is set at 50% and the maintenance requirement for overnight positions ranges from 25% to 75%. Roughly, Buying Power is twice the Excess Equity in your account, or precisely, your Excess Equity divided by the average of your percentage margin requirements and your overnight position maintenance requirements. (EE/[margin% + maintenance%/2])
Every order submitted through RushTrade Direct is immediately reflected in your account Balances. A detailed log of every transaction event during the course of the day is kept.
Deposits received during the business day will be credited on the day received (for interest computation purposes), but will not appear in the account Balances until after the overnight process is complete. Similarly, a request made directly to a customer service representative for cash withdrawal during the business day will be deducted immediately from your account, but will not appear until the following day.
Any check you deposit with us will be available for trading securities the business day after we receive it, however, the item must clear (7 to 10 business days) before a check request for fund withdrawal can be processed. In addition, security transactions must settle before proceeds can be withdrawn. Funds received will be first subtracted from your Margin Balance, if any, and the remainder will display as Cash (on hand).
BALANCES |
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| BOD Account Equity | Also known as BOD Liquidating Equity is the balance of all cash and securities in your account less any debit balance/plus any credit balance. |
| Current Market Value | The current value of all security positions within an account. This is calculated by multiplying the Bid/Ask price in extended hours trading or the Last Price during normal market by the number of shares for equities. All options are calculated by multiplying the Bid/Ask price by the number of contracts. Note: If either Bid/Ask or Last Price is not available we will use the clearing firms Mark-To-Market value for both equities and options. |
| BOD Market Value | The total value of all security positions within an account. This is determined by multiplying the number of shares (equities) or contracts (options) by yesterday's closing price. |
| Net Trades Value | This is the difference between the Total $ Purchase vs. Total $ Sold of securities traded intra-day. Note: This value will be zero if there have been no intra-day trading activity. |
| Account Equity | Also known as Liquidating Equity is the intra-day balance of all cash and securities in your account less any debit balance/plus any credit balance. The calculation for Intra-day Account Equity is: BOD Account Equity + Current Market Value - BOD Market Value - Net Trades Value = Account Equity |
| Daytrader Buying Power | (DTBP) For margin traders, the amount available at the present to purchase additional securities during regular market hours. It is roughly 4-times your Excess Equity. |
| Overnight Buying Power | (ONBP) For margin traders, the amount available at the present to purchase additional securities after market hours. It is roughly twice your Excess Equity. |
| Non-Margin Buying Power | For non-margin traders, the cash or cash equivalent in your account available for trades. This number increases or decreases depending on the current market value your holdings.. |