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Author Topic: Day Trading?
coalkickin
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Hey guys..newbie here with a question. I just opened an account with Lowtrade. It mentioned not being able to buy/sell same day. Does this mean if I jump on a stock in the morning and it makes a nice run...I CAN'T sell same day and take the quick profit? Thank you in advance
Posts: 781 | From: NE PA | Registered: Jan 2006  |  IP: Logged | Report this post to a Moderator
Bob Frey
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Ask your broker to be sure but yes you should be able to sell but will not be able to use the money from the sale for 3 days until funds settle.
Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000  |  IP: Logged | Report this post to a Moderator
keithsan
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unless you get a margin account
Posts: 9110 | From: boston, ma | Registered: Jan 2004  |  IP: Logged | Report this post to a Moderator
   

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