$Futu Holdings Ltd (FUTU.US)$ hi, if i buy and sell on the s...
$Futu Holdings Ltd (FUTU.US)$ hi, if i buy and sell on the same day, do i need to deposit fund to settle the payment?
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Moon fairy 大炮仙 ❤ : No fund = Cannot buy![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
nickelrust : If u have existing shares of other stocks on hand, but no funds, u can use margin.
Moomoo Buddy : Dear valued customer, regarding your inquiry about "Day trade", for the same market instrument trading allows buy and sell on the same day without depositing additional funds. Have a nice day!
Curry888 OP : Thank for sharing. So it’s allowed to buy and sell without putting deposit first then.
Curry888 OP : Just wondering if the person made a gamble hoping to buy low and sell high but without having the money for deposit and turn out losing, then how MooMoo deal with it?
Moon fairy 大炮仙 ❤ Curry888 OP : Think standard will be, charge you margin interest for the amount owe, if didn't pay will keep incurring more late payments, then if the amount is sizable will send out lawyer letter for everything.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Shootingstar : the amount of money deposited will determine the max margin you can have. if you are tied up with other stocks those are assets that can be auto sold to cover your margin if the leverage is too high while accumulating interest per day. if you buy and sell within a day take note that you do not have an outstanding balance to repay else interest is acquired. pls correct me if I am wrong
Curry888 OP : Thank you all bro and sis for your inputs. Hope u all Gong Xi Fatt Cai tonite!!!