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Re: Quacker post# 188837

Friday, 11/30/2012 10:21:25 PM

Friday, November 30, 2012 10:21:25 PM

Post# of 289427
It all depends on settlement. A lot of trades are T+0 since they're settled from one customer account to another within the same brokerage. The trade is reported but settlement is immediate (you sell from your e-trade account and the buyer has an e-trade account) so it's not short. If you sell from your e-trade account and I buy from my Scottrade account, settlement need to take place (T+3) and your sell is marked as short. It's a bit complicated.