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.
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Rupert,As I said - no.You need to have the cash available.If you...
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