Thread: Frorule's Account Talk

Originally Posted by akpackfan

Frorule,

How can I follow your signals if I have a scottrade account that I have to wait for 3 days after I sell a position to be able to buy a new position. I can't remember what the term is for that restriction but it would make it impossible to follow you if you got a quick buy signal after a sell signal. Any suggestions?

that would be free-riding

Originally Posted by akpackfan

Frorule,

How can I follow your signals if I have a scottrade account that I have to wait for 3 days after I sell a position to be able to buy a new position. I can't remember what the term is for that restriction but it would make it impossible to follow you if you got a quick buy signal after a sell signal. Any suggestions?

Settlement Time (3 business days for stocks and ETFs)

I only use 1/3 of my account to trade, unless the trend continues and then I use the next 1/3; saving the last 1/3 for the next signal. If I used my entire account (would require a close stop), then I would be out for 3 days and lose on possible gains...

Well, that is how I am doing it now...