Wednesday, October 16, 2019

Wednesday 10/16/2019

     This post is a continuation of the $50 a month stock challenge I started October 14, 2019.  Click on, "No Commission Stock Trades", on the right side of the page to read from the start. 

6:30am (CDT)
      I will be away from the market until this afternoon. I had no plans to trade today because I only have $6.90 cash in my account.  The $44.10 proceeds from my APA sale in considered "unsettled funds".
     When you a stock the money is immediately taken out of your account but when you sale a stock there is a 2 day settlement delay. The wording will be a little different with brokers but it will be "cash buying power, unsettled funds buying power" of similar.
     You can use "unsettled funds buying power" to purchase stocks buy you have to wait until your "settlement date" to sell the stock.
     I only use settled funds because I want the ability to sell at my digression.

Disclaimer, I am not a professional.  

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