time frame to buy new stock after selling

A

AeroKen83

I abit new so excuse me if this is a dumb question.
If I were to sell some stock, how long does it take for me to receive the funds from that stock and buy some more stock.

Note:
I have $19k - below day trading requirements
My broker is IB
I just bought the stock yesterday, and sold it today, and I want to buy some more stock but I dont see the available funds
How long does it take???

thanks
ken
 
Quote from krazykarl:

brokers usually settle funds in 3 days.

open a margin account to side-step the settlement rule.
More...

It might be an even dumber question, but why not immediat\ely?
 
Quote from andread:

It might be an even dumber question, but why not immediat\ely?
More...
Very good answer. Always keep your money at work.
PS: In doing this, you don't always have to buy, you could short as well. Only make sure you make money fast!
 
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