Question about 3 day settlement rule

Quote from KrispyKreme50:

So if you have margin, does it mean that you don't need to follow the T+3 rule? Ex. Let's say you have $1000 in equities in your account. If you close out your position by market close, then can you theoretically buy the next day again and repeat each day?
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I'll tag a question along with that.

With a non-margin account you may see the funds as "unsettled cash" with which you may buy with, but you cannot sell until the cash settles. If you do, you face a 90 day suspension.

Does this not impact a margin account at all?

I have 1 margin account but I don't trade on margin. It's a small account I try to keep very conservative for now.
 
Quote from Trad'nUp:

I'll tag a question along with that.

With a non-margin account you may see the funds as "unsettled cash" with which you may buy with, but you cannot sell until the cash settles. If you do, you face a 90 day suspension.

Does this not impact a margin account at all?

I have 1 margin account but I don't trade on margin. It's a small account I try to keep very conservative for now.
More...

Adding onto that, how does short selling work with the T+3 settlement?
 
Quote from Trad'nUp:

I'll tag a question along with that.

With a non-margin account you may see the funds as "unsettled cash" with which you may buy with, but you cannot sell until the cash settles. If you do, you face a 90 day suspension.

Does this not impact a margin account at all?

I have 1 margin account but I don't trade on margin. It's a small account I try to keep very conservative for now.
More...

No, this doesn't impact margin account because a margin account essentially allows you to borrow the cash to trade while you wait for the trade to settle.
 
Quote from KrispyKreme50:

Adding onto that, how does short selling work with the T+3 settlement?
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Correct me if I'm wrong, a trade is a trade so when you buy to cover, the cash still has to settle so there's really no difference.
 
Quote from KrispyKreme50:

Adding onto that, how does short selling work with the T+3 settlement?
More...

Short selling still takes 3 days to settle, but you need a margin account in order to be able to short.
 
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