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Search: Posts Made By: muscleman

Forum: Brokers

September 28th, 2013, 12:19 PM

Replies: 4

Interactive Broker---sell a stock and immediately buy another in cash account

Views: 8,126

Posted By muscleman

I don't think so. I used Scottrade and Fido, and...

I don't think so. I used Scottrade and Fido, and for both, I could sell and immediately use the unsettled cash to buy.
Let's think about it this way:
I sell my stock to buyer A. Buyer A won't pay...

Forum: Brokers

September 27th, 2013, 09:02 PM

Replies: 4

Interactive Broker---sell a stock and immediately buy another in cash account

Views: 8,126

Posted By muscleman

Interactive Broker---sell a stock and immediately buy another in cash account

I am new to IB, and still in the process of opening my account.
I used Scottrade and fidelity, and both cash accounts allow me to sell a stock and immediately buy a stock.
But IB's website says...

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What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

Limited trading instruments
High platform usage fees
Lack of support or mentorship
Unrealistic rules and requirements
No significant challenges
Something else (discuss in thread)

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