Can someone clear this up for me.
If i have a cash account with $1000, i buy XYZ at 1.0, gain 10 cents the next day and sell at 1.10 with 1000 shares, i have a 100 profit for a total of $1100.
Now, do I have to wait for that trade to "settle" for 3 days? Or can immediately use that 1100...