Replies to post #64650 on Day Tradexchange Inc. (SYNJ)

[Silvertwinky]

Get a margin account. It clears your traded funds same day. You can use proceeds from a sale to buy immediately as long as initial deposited funds cleared.

[Esque]

etrade does the same.

[Esque]

but my charles schwab lets me trade over and over without 3 day wait period.

[locksmith123]

Action Direct....online account....hope it works out for you.

[locksmith123]

I was just wondering ...are you debiting your bank account through your trading account...and back again...because that would cause the problem you are describing. Taking 3 days to clear funds sort of ties your hands in pennyland where you have to be able to move fast. GLTU

[gogospeedracer]

Schmed
I have TD ameritrade and they allow me to do the same, once I sell the cash is immediatly available to buy again, but I am limited to three round trips within a five day period. That is not all that bad considering if you are willing to take the chance on buying or selling end of day and completing the trip next morning it does not count as a round trip, with this stock it would be pretty easy because it is very predictable. Although I haven't done it yet because with my luck that would be the one time they changed their PR stratagy and leave me in the cold. I'll just stay long here