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Flexologist

08/26/11 5:37 PM

#4374 RE: WizKid16 #4369

Remember that when you sell, the proceeds from the sale take 3 business days to clear before you can use them again - this is when using a cash only account.

Example: say you buy xyz for $1000 and then sell for $1200. You won't be able to reinvest the $1200 for 3 business days, which is the amount if time it takes for the funds to settle.