SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Final Frontier - Online Remote Trading
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: cj who wrote (4236)5/20/1998 11:46:00 AM
From: steve goldman  Read Replies (2) of 12617
 
You should be able to have the proceeds from the sale immediately available, its is whether you have the cash to make the purchse. ie..you cant open an unfunded account, buy 10k worth of stock, sell it for 100% return, and then simplysay you dont have to make the deposit on the purchase because you sold it and after the sale there is a credit in the account. That doesnt fly. You must meet the purchase of securities with the correct deposit, depending on the stocks loan value, usually 100% or 50%, and cant meet that deposit with the proceeds of the same stock.

If youhad 100k in the a/c and bot 100k of stock, sold 105 of stock for 5 gain, you should have the 105 immediately.

Trust me, margin is a pain, and I am no pro, we have individuals whose sole job is working this, yet it is important to understand what you can and cannot do.

-Steve@yamner.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News