Series 24: Long Positions In Margin Accounts

Taken from our Series 24 Online Guide

Long Positions in Margin Accounts

When a customer buys 1000 shares on margin, we say that the customer is “long” 1,000 shares. This conveys the customer’s ownership of those shares. If she were to purchase another 1,000 shares, she would now be “long” or have a “long position” of 2,000 shares. She owns the shares because she bought them, even though they are not yet fully paid for.

+ Read More

More Series 24 Info

What are people saying?

Create an Account

Since you're reading about Series 24: Long Positions In Margin Accounts, you might also be interested in:

Series 3 - 4.1.7.3. Naked and Covered Options

Series 24 - 3.7.3.7. Going Short “Against the Box”

Series 82 - 4.7.2. Sanctions

Series 66 - Fiduciary Accounts

Series 26 - Management Company Rules

Please Enable Javascript
to view this content!

Site Login

TESTIMONIALS

What are people saying?

I originally started studying for the series 24 with Test Teachers... After being frustrated with confusing material, out of date information, contradicting questions/answer/study guides, I bought Solomon's practice exams... After one test, two things became clear: I was grossly unprepared for the exam The material, though difficult, didn't have to be taught in such a confusing manner.I passed the 24 on the fist time because of the quality of the practice exams from Solomon. Thank you! Putting it another way...If you are using anyone else to study, you owe it to yourself and your efforts to buy the practice exams from Solomon to get a true judge of your studying efforts.

Will, Bainbridge Island, WA

I was very apprehensive about the Series 24 exam prior to taking it. Everyone I knew who had taken it informed me that it was an incredibly difficult test, with questions that were meant to trick you. After following Solomon's six week study outline and making flashcards for my weakest areas, I was averaging in the high 80s on the Solomon practice exams. That gave me the confidence I needed to walk into the test center feeling prepared, and the knowledge I needed to walk out of the test center having scored an 88. I am now recommending the Solomon Series 24 materials to everyone at the office!

Janie Richards, Austin, TX

I passed the S24 today with a score of 80. Your study guide is great!!!

A.T.

After trying numerous study materials, Solomon was the key to pass my Series 24. The live class was a perfect complement. Thank you Karen for your assistance!

Marie, Miami, FL

I just passed the series 24! It is, by far, the hardest test that I have ever taken. I had failed it 4 times using other study materials. I have never felt more defeated! Solomon Exam Prep is the best! I took over 154 practice tests...without seeing the same question twice. I was able to finally grasp the material and passed! My only regret is that I did not use the Solomon Exam Prep on my first attempt!

Bill Harpe, Capital Choice. Greensboro, GA

Even though there is no such thing as a guaranteed success in the securities industry, there is a likelihood of strong returns if you are able to make the right risk / reward choices at the right time.

If you are taking a test one of those choices is Solomon materials. Just follow their guidance. It worked for me, 3 times in a row, 7, 63, 24!

Eric Altmann, New York, NY