I could just as easily ask TK support directly but like to post questions here so everyone can benefit.
First an example...
I have a cash account and I buy XYZ and also buy ABC on the same day with free and clear funds. I then sell XYZ the same day and have unsettled funds in my account. On the next day I sell ABC which adds to my unsettled funds total. On the same day as the ABC sale I buy DEF understanding that I have to hold until the funds with which it was purchased need to settle. (T+3)
Could I safely sell the DEF stock on the T+3 date of the XYZ sale or would I need to wait until the T+3 date of the ABC sale? In essence is the stock purchase strictly tied to the preceding sale or is it tied to available buying power and/or unsettled funds?
Thanks for your help!
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Unsettled funds/Reg T question...
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Unless TK says different, I believe unsettled funds from your first sell order would be used.
You really need to verify this by giving tham a call, I'm no pro, just a fellow trader.
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