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Author Topic: Unsettled cash in tda  (Read 3644 times)
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Dasein
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« on: July 17, 2012, 08:10:35 PM »

Quick question. I know I saw this posted here, but searched and can't find it, how long does it take after selling a penny stock for the funds to settle in account? Thanks in advance.
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cbenitez
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« Reply #1 on: July 17, 2012, 08:27:56 PM »

I believe it is 3 business days. Not fully sure though.
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cyburfer
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« Reply #2 on: July 17, 2012, 11:06:13 PM »

   The countdown starts the day you buy the stock.. buy Monday and the money "settles" on Thursday. You can sell anytime but can't reuse the funds for non-marginable stocks until the 3 days is past. If you were asking about a cash withdrawal though it would be another 3 days after you sell the stock after it's gone through the "unsettled" and "Money Market" phases it goes through.. At least that is what seems to be the case to the best of my limited knowledge.   Cy...     Cool
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Dasein
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« Reply #3 on: July 18, 2012, 01:26:18 AM »

Thanks guys.
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Dr PennyStock
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« Reply #4 on: July 20, 2012, 12:32:02 PM »

Thanks guys.

If the stock you sold, was bought more than 3 days before, the money is ready to be used to buy another stock immediately.
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Dr PennyStock
Dasein
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« Reply #5 on: July 21, 2012, 09:40:39 AM »

Thanks Doc.
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