TD Ameritrade problem?

stoxtrader · #1 11-28-2007, 03:47 PM

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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??

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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.

pokerg1 · #2 11-28-2007, 04:28 PM

so will i be able to trade without waiting 3 days or do i have to buy stocks using say with a margin of 2k, 1k for trades?? do i still have to wait for margin cash to settle??

mmctrab · #3 11-28-2007, 05:27 PM

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so will i be able to trade without waiting 3 days or do i have to buy stocks using say with a margin of 2k, 1k for trades?? do i still have to wait for margin cash to settle??

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You can trade without waiting the three days as long as you have margin left. You should definitely open a margin account even if you never use the margin.