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Atari
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Hello, I'm new to trading with an IRA and would like to avoid free-riding. Currently using Fidelity and there are various warnings posted during buys & sales of stock, but I'm not sure which ones would amount to a free ride situation. Example: - $55,000 in the account - Day 1: Buy 1,000 shares MSFT at $50.0 (-$50k) - Day 2 morning: Sell 1,000 shares MSFT at $52.00 (I would get a warning) Could I then turn around on Day 2 and buy say $50,000 worth of stock again? Or do I need to wait for some period of time to pass before the original money "settles" to avoid a free-ride situation? :crap: