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Author Topic: a little ticked off at ameritrade
maniladreamin
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when I funded my account online, I was told it would be five days and I could trade otc stocks. Well, now they say it will be 10 days before the funds are avail.

Meanwhile I traded another regular stock and the funds are clearly in the account.

This is pretty stupid I think

I have since learned you should wire the money in if you want it to be avail. right away.


Posts: 251 | Registered: Jul 2004  |  IP: Logged | Report this post to a Moderator
Jeremy
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Simple solution... wire your money in. You can trade non-marginable securities instantly.
Posts: 1051 | From: Michigan | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
i'm all in
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quote:
Originally posted by Jeremy:
Simple solution... wire your money in. You can trade non-marginable securities instantly.

yeah, but almost always 10 days for trading penny stocks. same with etrade. security stuff, because i wired mine in but had to wait 10


Posts: 77 | From: houston, texas USA | Registered: Jul 2004  |  IP: Logged | Report this post to a Moderator
Waveslider
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quote:
Originally posted by maniladreamin:
when I funded my account online, I was told it would be five days and I could trade otc stocks. Well, now they say it will be 10 days before the funds are avail.

Meanwhile I traded another regular stock and the funds are clearly in the account.

This is pretty stupid I think
I have since learned you should wire the money in if you want it to be avail. right away.


------------------------------

here is a tip to get by that rule.
trade a $5 stock with the newly wired funds sell that stock and buy any OCTBB you want.

once you buy a nasdaq or higher priced stock and then sell your funds are just that YOUR FUNDS...

works for me hope it works for you to beat that 10day rule.


Posts: 219 | From: florida | Registered: Aug 2004  |  IP: Logged | Report this post to a Moderator
Love the Market
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Waveslider - GREAT suggestion. Too bad though, that it costs US $22 that way to use our own money sooner......
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003  |  IP: Logged | Report this post to a Moderator
   

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