I am a day trader.
So let's say I open an account with $30,000 and have a 4:1 Margin. This means I have a total buying power of $120,000.
If I buy 1000 shares of a stock at $60, and it drops to $59/share, and I sell, I would have lost $1000.
Now my question is:
1) Does that $1000 come out of...