The amount available for purchasing and holding stocks. In a margin account, this typically offers 2:1 leverage for positions held overnight.
Active but unfilled orders (e.g., a limit order set far from the current price) reduce your available buying power until they are canceled. If you'd like, I can help you: stock buying power thinkorswim
Available capital for trades opened and closed on the same day . This usually provides up to 4:1 leverage but requires a minimum balance of $25,000 to maintain Pattern Day Trader (PDT) status. The amount available for purchasing and holding stocks
Walk through the rules in more detail.
Explain how to in the TOS order confirmation window. If you'd like, I can help you: Available
Not all stocks are treated equally. Volatile "meme" or penny stocks often have 100% margin requirements , meaning you cannot use leverage to buy them.
The calculation changes based on your account type and the time of day: Account Type Calculation Logic Typical Leverage Settled cash minus open orders. 1:1 (No leverage) Margin (Overnight) Total account equity minus margin requirements. Margin (Intraday) Excess maintenance margin multiplied by four. ⚠️ Critical Rules & Warnings