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Old 05-15-2007, 11:55 AM
darthtrader darthtrader is offline
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Join Date: Apr 2007
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Re: Broker question?

mike, i had that problem when i started on scottrade. i think you just need to get a margin account with them. it will still be 3 days for settlement but one of the sides will go into margin, pretty much gets rid of that problem.

also you can buy stocks with unsettled funds but you cant sell until everything is settled or you will get a "free ride" and either have to come up with the cash or if you do it too many times they will freaze your account. not recommended to buy with unsettled funds.

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