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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (6886)	2/8/2000 11:24:00 PM
From: Jon Tara	Read Replies (1) \| Respond to of 18137

Hmmmm... I have a rollover IRA at TD Waterhouse, which is fully invested. It is, of course, a cash account. I sold some shares the other day, and bought right back (a different stock) on the same day. They didn't complain. The only problem that I know of in this regard is one that I've run afowl of myself: sell a stock today, and buy an option the same day (or the next day) and hear your broker yell! (Assuming your account is fully-margined.) Of course, you generally must have a margin account to trade options (you don't HAVE to, but most brokers require it), so it's not so very easy to get into this situation. Remember, the stock has a 3-day settlement, the option has a 1-day settlement...