Hey everyone...great site this seems to be... I need to run something by all of you regarding the trade date + 3 regulation. I have moderate day-trading and short term swing trading experience, but NO experience when it comes to cash accounts/IRA's. I'm helping my father with his IRA. He currently has an account at CyberTrader and one account at Scottrade (retail, not Elite). Remember, these are CASH accounts, for an IRA. A particular strategy we want to employ requires that we buy stocks from a given stock screen on Monday at the market open and sell them 4 days later at Friday's close. Then, on the following Monday, we want to reinvest the proceeds the following Monday and hold it through the next Friday like so. Does this make sense? Well, CyberTrader will not let you do this. They require 3 days settlement on the proceeds of the stock we'd have sold on Friday, so we cannot buy the next Monday, but have to wait until Wednesday. Does THIS make sense? I called around other brokers, IB, MB, and TradeStation and they all treat cash accounts the same way. They will NOT let you trade with proceeds from the previous day's sale. BUT, Scottrade will let us trade this way in the cash account. Scottrade still abides by the Trade date + 3 regulation but it seems more leniant. They will let us sell the stocks on Friday and use the proceeds to buy new stock on the following Monday with the warning that if we sell this newly stock before 3 days have passed that it will THEN and only then be a free ride violation. So, with those details in hand, I need to know is this just a unique benefit of Scottrade or are there other firms out there (with lower commissions) that are flexible in this regard? Again, keep in mind that this is cash-only, IRA account. Thanks.