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Re: Freddybaby post# 1956

Tuesday, 03/12/2013 10:05:02 PM

Tuesday, March 12, 2013 10:05:02 PM

Post# of 14097
Yes, you can sell a purchase you made with unsettled funds 24 hours after you make the purchase without violating the rule. Just be sure it is more than 24 hours (don't be 1 minute early in your sell). The original funds used to make the purchase will settle at least one day prior to your sale settling, thus no violation of "free-riding". This is frowned upon, but not against the rules. I do it all the time without any penalty.

Yes, you get two strikes/warnings before the restriction (or before having to deposit the additional funds).

Good luck and you're welcome!

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