InvestorsHub Logo

thegaminginvestor

03/05/14 10:14 PM

#7723 RE: norcalgold #7719

You know how it takes three days for your money to settle when you sell a stock? Well, if you buy a stock with that money, then sell it, it's considered a free ride under SEC regulations.

Different institutions treat it differently, for example scottrade, who I'm with, allows two free ride warnings before giving you a 90 day restriction.