question, page-22

Rupert,

As I said - no.

You need to have the cash available.

If you bought $50K of stock and sold it on the same day for $70K, Westpac would credit your account $20K.

Or you could then trade $70K on the same day and come out with $100K... which you could then trade.

Day trading requires a lot of focus, the right tools, experience and the excellent money management just to break even.

Would not recommend that you put down the whole $50K on a trade that you expect to win for you that day - read up on money management strategies.

All the best.