is there a way around this i stay on the 90 day restriction because i trade alot. then i have to wait for the 3 days for it to settle. just wondering what you guys do. thanks alot for your replys
Open a MARGIN account.
i thought about that but i don't want to take on that much more risk. any other ideas?
With MARGIN, there is no risk if you stay within your cash amount. ;D
Margin account ! Realdeals is right, just don't use margin, trade cash is available immediately after a sell. Works for me...
JKN
Quote from: JKN on May 03, 2006, 11:56:05 AM
Margin account ! Realdeals is right, just don't use margin, trade cash is available immediately after a sell. Works for me...
JKN
ok thanks this makes sense never knew it could be that easy. so if i open the margin acount i can trade as much as i want? are there any restrictions? what do they ask for when you open a margin acount? thanks for your help. i owe both of you a aplaud.
Restrictions on a MARGIN account are: if you have over 25,000 in a margin account, you can sell and buy all day with no trade limits but if you have under that 25,000, you can do 3 day trades within a 5 trading period. Call you broker and ask them if you want margin and you will probably have to sign a release form and thats it. ;D
thanks for the quick reply.
If you dont have 25k and still want to trade atleast every day, then you can use 33% of your capital for each daily trade. That way you will be having atleast 33% of your cash available to you all the time.