InvestorsHub Logo
Followers 397
Posts 26723
Boards Moderated 0
Alias Born 02/11/2016

Re: 2tommy2 post# 34501

Wednesday, 01/24/2018 4:42:54 PM

Wednesday, January 24, 2018 4:42:54 PM

Post# of 74768
It only takes 2 days now for funds to settle (new rule went into effect several months ago), but you can usually purchase another stock with unsettled funds.......as long as you don't sell that same stock on the same day as purchase......wait 2 days for it to clear or you could get a trading violation. It's called "taking a free ride".......and it's a no no.