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A comment on Robinhood denies claims that it sold GameStop shares out from under its traders. Parent comment
Not always, see situation #3 https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_ca...
You need margin to engage in day-trading, but you can sell a settled stock & immediately use the funds to buy something else just fine as long as you then hold onto that purchase for 2 days.
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Not always, see situation #3 https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_ca...
You need margin to engage in day-trading, but you can sell a settled stock & immediately use the funds to buy something else just fine as long as you then hold onto that purchase for 2 days.