If I deposit money into webull and buy then sell DWAC the same day for ex. will i be penalized because the buying power hasn't been actually settled? Sorry new to stocks literally turned 18 a couple months ago. - The Great Awakening - Where We Go Qne, We Go All!

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If I deposit money into webull and buy then sell DWAC the same day for ex. will i be penalized because the buying power hasn't been actually settled? Sorry new to stocks literally turned 18 a couple months ago.

posted 3 years ago by Eagle77 3 years ago by Eagle77 +15 / -0

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– Shark_FL 1 point 3 years ago +1 / -0

3 days? I opened a scwab and deposited from a savings account this morning when DWAC was at a tiny $14. Still waiting for cash to show in balance now as stock zooms above $45.

WIll I really need to wait until next Monday to access my account and buy DWAC?

This pede is not happy

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– Greatheart 1 point 3 years ago +1 / -0

3 days after you sell a stock the funds are available in a cash account. Not 3 days after you fund an account. Those funds are usually available as soon as your broker deposits them.

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