Are you considering quitting your dayjob to daytrade?! Message Board

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Strategies & Market Trends : Are you considering quitting your dayjob to daytrade?!

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To: Garry R. who wrote (610)	12/2/1999 7:32:00 AM
From: Goinlong	of 611

Garry, The only thing I can think of that would prohibit you from daytrading on a cash account would be the settlement period. Some brokers take the fulL 3 days to credit your account with the cash when you sell a stock, thus you show no cash balance to buy another. E-trade is a good example of one that can take from 10 seconds to the full 3 days to credit your account after a sell. Hope this helps and best of luck to you, Garry B.

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