Can I use a margin account just to avoid settlement dates?
Can I use a margin account just to avoid settlement dates?
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fauxylar96 · External communityPost link
External question — Personal Finance Stack Exchange
Author: fauxylar96
Original post: https://money.stackexchange.com/questions/116683
License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
Was thinking of using something like SureTrader or TradeZero (I'm not an American) just to avoid PDT and the settlement date issue. I'd essentially not be over leveraging my account as I'll only trade with what I have.
In a way, I'll only be using "margin" to continue day trading while waiting for my sell orders to settle. Any flaws with this?
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Quoted from Forex.com.bd-Editorial External question — Personal Finance Stack Exchange Author: fauxylar96 Source score (net votes, not local likes): 1 Original post: https://money.stackexchange.com/questions/116683 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. Was thinking of using something like SureTrader or TradeZero (I'm not an American) just to avoid PDT and the settlement date issue. I'd essentially not be over leveraging my account as I'll only trade with what I have. In a way, I'll only be using "margin" to continue day trading while waiting for my sell orders to settle. Any flaws with this?
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