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BullishSwag

03/18/17 2:04 PM

#24848 RE: Jcazz #24844

Yes , if it is a cash account, your money does not settle for 3 bussiness days. If you buy or sell using unsettled funds, it violates the free ride act, which prevents people from trading money that doesn't exist.

cspratt15139

03/18/17 2:05 PM

#24849 RE: Jcazz #24844

yeah you have to be a legal day trader to do that 25k plus