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M_T_Pockets

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M_T_Pockets

Re: jk6672 post# 2198

Wednesday, 06/15/2011 6:24:08 PM

Wednesday, June 15, 2011 6:24:08 PM

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Jk6672, I'm no expert. I have Scottrade "cash" account and have sold one stock and used the same funds to buy a second stock in the same day. As long as you don't sell within 3 days, your ok.
I understand that to do what you want to do you will need to have enough cash in your account to cover the new purchase/sale.
If I am wrong, please correct me.
Hope that helps, and doesn't confuse the situation.
GLTY
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