The Question and Answer Board

[Newly2b]

We are in agreement, but what you originally stated was not exactly correct.

Here is what I originally said: There is no requirement that the first stock be held for 3 days before sale, only that it is in the account and fully-paid for before it is sold."

You then took issue with that statement and said, Well yeah, it doesn't say 3 days, it says "fully paid for and settled" which means 3 days.

which is not exactly true because "fully paid for and settled" only means 3 days if the stock is bought with UNSETTLED funds. There is no requirement to hold a position for 3 days prior to sale if the stock is bought with SETTLED funds.

Whew, glad we cleared that up, LOL.

Newly