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The Trading Floor (Investing, Stocks, Bonds) Discuss investing and investments here! Do your own due diligence before investing. We are not responsible for any advice or recommendations within this forum!

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  #1  
Old 07-30-2014, 08:58 AM
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southern151 southern151 is offline
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Dangit! Sold off some stuff this morning and, can't buy with the money until it clears E*trade or, they may put me on a 90 day restriction! I thought I'd buy this and dump it when it jumped again but, I guess I'll wait until the other stuff clears first.
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Old 07-30-2014, 10:29 AM
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redaddiction redaddiction is offline
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Quote:
Originally Posted by southern151 View Post
Dangit! Sold off some stuff this morning and, can't buy with the money until it clears E*trade or, they may put me on a 90 day restriction! I thought I'd buy this and dump it when it jumped again but, I guess I'll wait until the other stuff clears first.

You CAN buy with the money from the sales. It just warns you that you can't sell that same stock you just bought until the funds have cleared in 3 days. I do it all the time.
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Old 07-30-2014, 10:42 AM
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southern151 southern151 is offline
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Originally Posted by redaddiction View Post
You CAN buy with the money from the sales. It just warns you that you can't sell that same stock you just bought until the funds have cleared in 3 days. I do it all the time.
Yes. I just figure that I don't want to wind up on "probation" for the next 90 on something that I pick up and, dump in the same day. I'm in no big hurry.

It's looking a little stale as of now anyway.
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