time frame to buy new stock after selling

Discussion in 'Professional Trading' started by AeroKen83, Jun 2, 2006.

  1. I abit new so excuse me if this is a dumb question.
    If I were to sell some stock, how long does it take for me to receive the funds from that stock and buy some more stock.

    I have $19k - below day trading requirements
    My broker is IB
    I just bought the stock yesterday, and sold it today, and I want to buy some more stock but I dont see the available funds
    How long does it take???

  2. brokers usually settle funds in 3 days.

    open a margin account to side-step the settlement rule.
  3. andread


    It might be an even dumber question, but why not immediat\ely?
  4. someone older and wiser will have to chime in...
  5. Very good answer. Always keep your money at work.
    PS: In doing this, you don't always have to buy, you could short as well. Only make sure you make money fast!