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Stock Market Trading Question?

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If I have around 1,000 in an account that I am trading with, can I sell a stock one day, and then with the money that I make from that stock in the same day put into another stock? If not what is the time period?

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  2. You can instantly use the proceeds from a sale towards another purchase UNLESS you are deemed a "Pattern Day Trader"

    I think to qualify as a pattern day trader, you have to buy and sell the same stock within one day, and do that for three or five consecutive days.

    As a pattern day trader, you need to then either keep a $25,000 balance in your account, or you will be restricted to cash only trading (meaning you have to wait for the settlement of your trades to use your cash).  That's 3 days for stocks, 1 day for options.

  3. Yes

    When you buy a security, you must pay in full before you sell it, if not your account is frozen for 90 days or until monies for the purchase are received AND you can not use the proceeds of the sale to cover the purchase.

    If you own a stock (it's been paid for) and you sell today and buy another, or the same stock, you can use the proceeds of the sale since the stock was paid in full.

  4. Usually the time period for settlement of a stock trade is 3 days.

    What you are referring to is called Day Trading.

    Your best source of information will come from the brokerage firm that holds your accounts. Look under their faq's or call their support line and ask them.

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