View Single Post
  #7  
Old 11-28-2007, 03:47 PM
stoxtrader stoxtrader is offline
Senior Member
 
Join Date: Sep 2003
Location: stoxpoker
Posts: 2,811
Default Re: TD Ameritrade problem?

[ QUOTE ]
Stephen, say i have $1000 and buy stocks monday morning and sell monday afternoon. i wont be able to trade tuesday and i have to wait like 3 days before i can trade again..if i have a margin account will this 3 day waiting period be gone??

[/ QUOTE ]

changing to a margin account should solve this issue. I think the reason for it is because when you sell something your broker does not recieve the cash until the trade settles, which is date of the trade + 3 business days.
Reply With Quote