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How long do you have to wait after selling before you can buy back the same stock?

post #1 of 20
Thread Starter 
How long do you have to wait after selling before you can buy back the same stock? So if i have 1000 shares of XYZ and i sell them for $1.00 then i see it goes down to .50 cents five minutes later, how long before i can buy XYZ again?
post #2 of 20
.
post #3 of 20
Thread Starter 
So what? Nobody knows the answer? Isnt there a Mod some where who can Aid me in my question?
post #4 of 20
I think you can buy right back in but you have to wait for the original sold shares to settle before you can sell again. Anybody care to correct me if I am wrong?
post #5 of 20
You can buy back anytime its called flipping your stocks, you've all read about people flipping the same day.
post #6 of 20
Try calling your broker or a search on ask.com or google but like i stated to the last person that thinks the mods have nothing better to do than answer questions.


http://en.wikipedia.org/wiki/Forum_moderator


http://www.hotstockmarket.com/forums...792#post307792
post #7 of 20
don't have to wait..
post #8 of 20
You are best to call your broker. If you have a margin account then you can probably buy again right away but if you don't you may have to wait until your shares settle from your first sale which is 3 days. If you want to flip stocks then you are best to set up a margin account.
post #9 of 20
Thread Starter 
but if i have the funds to buy the stock right back, isnt there a wait time before i can buy the same stock?
post #10 of 20
no.
post #11 of 20
u dont have to wait. u can buy right away, but have to wait 3 days to sell so funds can settle.
post #12 of 20
I don't have a margin account. I tried doing this, sold, then bought back in, then sold again. Didn't do too bad. Problem is that was my total funds, so then I got a Regulation T restriction Email.
Said if I paid them the price of buying the stock in full by 3 days(sounds like a bookie) then I'm okey. Which is pretty super stupid in my opinion, as I had to pay by the day the funds settled anyway, so now I have more money in the account.

If you have a margin account, no problem I understand. If you have enough money, where you had the buying power in the first place without the flip, you'd have no problem. It's when you use the same dollar bill over and over that you're going to run into trouble.
post #13 of 20
Thread Starter 
Quote:
Originally Posted by techno791
I don't have a margin account. I tried doing this, sold, then bought back in, then sold again. Didn't do too bad. Problem is that was my total funds, so then I got a Regulation T restriction Email.
Said if I paid them the price of buying the stock in full by 3 days(sounds like a bookie) then I'm okey. Which is pretty super stupid in my opinion, as I had to pay by the day the funds settled anyway, so now I have more money in the account.

If you have a margin account, no problem I understand. If you have enough money, where you had the buying power in the first place without the flip, you'd have no problem. It's when you use the same dollar bill over and over that you're going to run into trouble.
thx Techno, thats pretty much what i was looking to hear.
post #14 of 20
wierd i actually called TD about this today... i have a cash acount.. and the guy said that as soon as my sell order is filled that the money is in my acount and i can use it rigth away.... anyone else use TD and can confirm this?
post #15 of 20
Quote:
Originally Posted by wellington
wierd i actually called TD about this today... i have a cash acount.. and the guy said that as soon as my sell order is filled that the money is in my acount and i can use it rigth away.... anyone else use TD and can confirm this?

That is usually only if you held the stock for 3 days.

If you buy a stock on Monday and sell it on Monday you will not have the money until Thursday.

If you buy it on Monday hold it until Thursday or later and sell the money will immediatly be put into your account.

BUT
There are certain brokers where you can buy shares with money that hasn't settled yet. I think it is called a free ride.
post #16 of 20
Quote:
Originally Posted by wellington
wierd i actually called TD about this today... i have a cash acount.. and the guy said that as soon as my sell order is filled that the money is in my acount and i can use it rigth away.... anyone else use TD and can confirm this?
I am with Action Direct and I have the same thing. I can buy another stock as soon as the sale is confirmed. I don't have to wait for the money to settle, just confirmation of sale. Maybe its differents with the Canadian banks as Etrade I would either have to buy on margin or wait until funds settled.
post #17 of 20
Quote:
Originally Posted by wellington
wierd i actually called TD about this today... i have a cash acount.. and the guy said that as soon as my sell order is filled that the money is in my acount and i can use it rigth away.... anyone else use TD and can confirm this?
I can confirm, maybe because we are doing this dicrectly from the bank that they allow us to do this.
post #18 of 20
if you sell a stock&buy back in ,you must wait until the first sale clears before you can re-sell that stock,unless you have other funds/credit to cover you. otherwise,it's an illegal 'free ride' and your account may be restricted....
post #19 of 20
awesome thanks peeps
post #20 of 20

Hi,You can't buy the same stock again on the same day. You have to wait for one day at least.

Example: If you sell XYZ stock for 1000$ and let's think that you don't have any previous balance in your account and the current balance would be 1000$. There are two cases here:

  1. You can buy another stock ABC immediately with the unsettled funds (You don't need to wait until they settle), but you cannot sell them until the first trade(XYZ) amount get settled. i.e you should wait for 3 days to sell ABC.
  2. If you want to buy the same stock XYZ again, you have to wait for one day. You can buy it next day and as said earlier you have to wait for 3 days to sell them again.
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