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The_Pro

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The_Pro

Re: Aceacebaby post# 8337

Tuesday, 10/19/2010 12:31:25 PM

Tuesday, October 19, 2010 12:31:25 PM

Post# of 35087
Get A Margin Accountant At Scottrade.

Cash accounts take 3 days for the money to clear. Margin accounts take 3+ hours. Many of times I've been at my Scottrade office 6:10am PT. Money was good to go 9:00 - 10:00 am. Margin accounts need $2000.00 to open at Scottrade. So bring it up to $2K. You'll also need it if you are a flipper. You sell you can buy back immed. Not so with cash accounts.

Also don't buy a stock on margin. Ever.
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