I'm a newbie to all of this. Sorry if this has been covered before. I have an account with Scottrade (I'm not a day trader), and it says there are rules about funds settling after a trade, and what you can do with that money in the meantime. So basically, if you buy and sell, you can buy again with the funds from the first trade, but you can't sell this second position until the first one has settled, which takes 3 days. So are day traders immune to this rule? I would think that with trading multiple positions per day with a large percentage of their trading capital, they would violate this rule in a day or two. What am I missing? Thanks.