What exactly are they. Scottrade always says the trades i make wont be settled for another 2 or 3 business days. What affects does this have on me? can i not sell before then?
Posts: 423 | From: Westchester County, NY | Registered: Jan 2004
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T88 If you go to WALMART and buy a pair of shoes, your settlement date is @ the cash register. If the the person who owns the shoes is in Mongolio, it may take 2 days to tell them the shoes are sold and another two days two transfer the money and another two days to receive the reply that YEP I got my money. Your Broker manages all of this in 3-5days. WHAT A DEAL VAN
[This message has been edited by VNGNTN1 (edited February 08, 2004).]