The following blog post outlines what buying power is, how it functioned at Scottrade, and how to manage it today under Charles Schwab.
: Scottrade typically offered 2:1 buying power for overnight stock positions and 4:1 buying power for day trades, following standard federal regulations. What Happened to Your Scottrade Account? Your account has likely gone through two major migrations: scottrade buying power
: Your buying power was simply your settled cash. The following blog post outlines what buying power