Replies to post #1728 on Investor Help (NO Ihub questions)

[Don]

Your last trade was a $2,000.00 sale, which will settle in 3 days. Unless you trade with a margin account you must wait for settlement.

[cintrix]

You can actually purchase the other stock with the unsettled funds, but you can't sell them back until the three days clear. As Don mentioned, if you switch it to a margin account you don't have to wait for settlement, but you do have to be careful of daytrading rules if you have an account under 25k.