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Friday, October 14, 2016 8:05:33 PM
You can buy with unsettled funds from sold stocks. However if you sell the stock bought with those funds before those trades settle it falls under the free ride regulation and your trade account is frozen for 90 days.
I used to prefer not to trade with unsettled funds, but after missing a few entry points, I just make notes on those stocks and/or put them in a different watch filter to make sure I do not sell them until after the settle date.
If it is a deposit, I have no idea. Have not made one in a while.
Just using dividends and trades from other stocks to play in OTC land when I do.
Regards,
Fizzlegig
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