Trading Stock - Whats wrong with this?

Answers:1   |   LastUpdateAt:2012-10-14 04:37:02  

Asked at 2012-08-26 02:52:03
Ok , I sold shares at a profit today for about a thousand dollars. Now I want to buy $ 600 in shares Tomaro , however I get this message. MedlinePlus MedlinePlus MedlinePlus You are using outstanding funds for this purchase . If you sell the purchase before the settlement date of the financing of the sale , without additional funds being deposited , shall be considered a free ride under Federal Reserve Regulation T. Review the information available cash Trading accounts and Policy Statements Section website . MedlinePlus MedlinePlus These are the actions if it matters MedlinePlus Stock sold- HEV MedlinePlus Stock purchase VLNC
Answer1GustavAnswered at 2012-10-14 04:35:21
This basically means that you can not buy a title with no intention of paying for it . MedlinePlus MedlinePlus For example , you buy $ 1,000 worth of existence today, and goes so sell for $ 1100. If you do not have cash $ 1000 in your account today ( or margin available ) , and put that money on or before the closing of the purchase , the trade is considered a free ride .
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