Recent content by rkeister

if you are trying to day trade with less than 25k and no margin. where are you getting the money to make trades using unsettled funds anyhow?

the answer is because in a cash account you do not have the settled funds to purchase the stock. you are using the brokerage to pay for it. so doing it 3-4x over and over in a day you are risking/tying up more of the brokerages money prior to your cash settling. This is why they have margin...