A cash account, the settlement time
A cash account, the settlement time
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RaniFaris · External communityPost link
External question — Personal Finance Stack Exchange
Author: RaniFaris
Original post: https://money.stackexchange.com/questions/117335
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
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I have a question about the way you can trade on a cash account:
I know that if you have lets say a $1,000 account and you buy $1,000 worth of ABC stock and sell them on the same day say Monday from when you bought them, assuming you didn’t gain or lose anything, you wont be able to trade that $1,000 until Thursday so the trading day +2 days
Question:
If I buy $1,000 Worth of ABC on Friday and sell them on the same day, will the funds clear on Monday? will I be able to trade on Monday? Or that doesn’t count as trading days and I wont be able to trade until Friday (trading day) +2 trading days so will I be able to trade again on Wednesday instead?
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