I Hate Unsettled Money

[phubaba]

Where can I trade with an account size for 5000 that will allow me to trade without waiting 3 days after I sell !!! SO INFURIATING

 

[The Swordsman]

uh, any prop firm perhaps.

 

[phubaba]

broker i mean..

 

[matador04]

I think most brokers require 25k for that

 

[jeb9999]

You need $25K, unless you trade futures. Read the SEC PDT rule.

 

[The Swordsman]

just put 5k at a respected prop firm and then you won't have to wait to trade.

Quote from phubaba:

broker i mean..

 

[x2012]

one way is to get a margin account with your broker.

i used to trade with myTrack ...i didnt have a margin account but I asked my broker if they could settle cash the same day and they did. ask your broker if they can do that for you too.

 

[wiesman02]

Quote from phubaba:

Where can I trade with an account size for 5000 that will allow me to trade without waiting 3 days after I sell !!! SO INFURIATING

The fact that u are not aware of what margin is means u probably should NOT be trading in the first place. Investing, yes, trading, no. If u do not know the rules of the game, why are u trading ? Just gonna throw money away

 

[phubaba]

thanks to everyone for their ideas. i know what margin is tradeKing won't give it to me unless i have 10k.

I was looking into thinkorswim they seem to have 1 day settling.

i'm not a complete noob, but I don't have that much money, i've built it from 3000 to 5500 in the last 3 months so I have somewhat of an idea of what im doing.

uyg/skf have been fun.

i'm just looking for something because I hate not being able to lock in my profits!

 

[phubaba]

I guess I can clarify, are there places that allow you to trade margin without that much in your account?

thinkorswim still has 1 day settling even with margin so that doesn't help me.