Today, we're going to learn some key terms related to balances and buying power on the ThinkorSwim. This includes Net Liq, Cash & Sweep, Option Buying Power, Stock Buying Power, and Day Trading Buying Power.

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"Net Liquidating Value" (Net Liq) is the total value of your account, reflecting the sum of your cash and the current market value of your positions.

"Cash & Sweep Vehicle" is your uninvested cash plus funds automatically "swept" into a linked money market fund or insured deposit account. For example, a negative figure indicates a margin balance.

"Option Buying Power" indicates funds available to buy/sell options contracts. The approval level from your broker determines the margin requirement for short options strategies.

"Stock Buying Power" shows the amount available to purchase marginable stocks. The stocks you can buy depend on the broker's margin department. Use caution to avoid a potential margin call.

"Day Trading Buying Power" is the maximum capital for day trading (only applicable to accounts over $25,000). Remember to adhere to regulations like the Pattern Day Trader rule.

Lastly, "Available Funds for Trading" is essentially similar to the option buying power but can vary if you've recently deposited money into your account.

Timestamps
0:00 Intro
0:14 Where to find/edit account info
2:14 Net Liq
3:01 Cash & Sweep
3:49 Option Buying Power
5:43 Stock Buying Power
7:07 Day Trading Buying Power
8:27 Available Funds for Trading
9:09 Outro

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