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pnbell
Stop light racer...
 
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Posts: 1,245
Join Date: May 30, 2012
Location: A Fjord in Norway
October 31, 2012, 01:51 PM

Also if your account is below $25,000 you will not be able to 'Day Trade'.

This is because of the Settlement period; Basically unless you setup a 'Margin Account' (min: $25,000; can not go below this amount) you will be restricted to 3 trades between settlements.

For Example:
-BUY Shares
-SELL Shares (These funds are be processed, but not settled; like a temporary authorization)
-BUY Shares (With the unsettled funds)
= You will not be able to SELL/BUY again until the original sale has settled. This takes 2-3 days usually...

* In these 2-3 days you could be holding a stock that is losing a lot of value!!


- Norway Daily, 90' VFR750, V4 Touring Beast
- USA Daily, 08' Versys - Urban Assault vehicle
- Toy, 02' Ducati 900ss - Loud and angry noises
- Toy, 89' FZR600 - Raw Inline Deathbox
- Project, 91' CB250 - Goal: lightweight city bike
- Project, 79' CB350 - Finally runs, now to finish

- Sold, Red 94' VS800 - Loud as F@*$
* R.I.P. Blue 06' SV650, murdered by DC!
* R.I.P. Black 98' FZR600, murdered by DC!
- Sold, Red 81' GS650
- Sold, Black 81' CM400T
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