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Strategies & Market Trends : Want to make $1000 a week trading.....I'm going to try!!!

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To: Mike Sawyer who wrote (934)3/4/1998 10:47:00 AM
From: TraderGreg  Read Replies (1) of 1100
 
Have heard mixed reviews about Suretrade. One thing I did hear is quite disturbing, specially for us traders. Listen to this.

Pennies are dangerous, so of course you need cleared funds to buy. Fine. I got no problem with that. So I buy XYZW on Monday. Sell it on Tuesday. THEY WON'T LET YOU BUY MORE UNTIL XYZW SETTLES!!!!!!!!!! This is unbelievable.

Even the VSE sells usually always settle.

You should verify their policy as this is only what I heard. And it is so incredible, I can't believe it's true. Supposedly Schwabb has the same policy.

TG
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