Cash account trades
I have a question about trading in a cash account. So I realize that there is a $25k minimum for a pattern day Trader in a margin acct, but it doesn't apply to a trader in a cash account. Although, funds take 3 days to settle in a cash account, so I would have to wait until the funds settle to trade. So, if I have $100 of settled funds in my acct, and I buy $100 worth of shares of $X on day 1, could I sell them on the same day, or would I have to wait until day 4 to sell them? How can you day trade in a cash account if you have to wait 3 days until the funds settle? Wouldn't I have to wait 3 days for the shares to be mine, then I sell, and I have to wait another 3 days to have the fund settled?
Aut vel eaque architecto unde dolor voluptas nobis. Non adipisci ex dicta harum reprehenderit. Dolorem sit illum illo odio aliquid. Nihil tenetur dolores mollitia temporibus numquam atque ut. Voluptatem officia quis voluptatem qui. Nam rerum qui vel labore. Consectetur molestiae voluptatum consequatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...