Now that we are T+1, does that mean...

Now that we are T+1, does that mean, in a cash account, if you sell a stock position in the postmarket, the next morning in the pre-market the proceeds of the sale will be available to repurchase stocks?

 

Yes.

 

Overnight making friends again.

 

IRA accounts are cash accounts.

 

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Something changed;
SCHW accounts[Roth] anyway.
BUT still not really sure , because nothing changed[my accounts] after 3 days past MAY 28.
Because I had the no interest charged margin account @ SCHW + could trade without selling my SCHW money market.
Maybe with the tighter [T+1 ] schedule, it forced them to hire more people or pay overtime ??. Posted JUNE2 noontime.
Ive had pay interest margin accounts + dont want those again ;
if i want to trade much more /could sell my money market.

 

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SCHW counts post market as same day-regular hours[some SCHW may havea 3:00-3:05 pause CST ]
But like today, they are still clearing all day trades [cash acount, Roth with clearing non interest margin];
but would not let me trade off SCHW money market, +could do that earlier in year.
Broker said today would have to sell money market to do that now, must be Trade + 1 related

 

Wow, huge down day took someones sanity!

Friday went splat, all over the tape.......