Hello, I'm fairly new at trading and still learning. Bear with me. I don't know if this is relevant information but I recently sold some shares from Pershing Square (PSTH) an SPAC and the money from the sale went into "Cash" and shows up in my portfolio next to my other holdings, but I am unable to access it and buy other stocks with it. On my platform, Qtrade, there's a column titled "Buying Power" with the the amount of money I'm able to buy shares with, the money from the sale doesn't show up in there either. Am I missing something here and can someone explain it to me? Thank-you in advance for your time and help
There is usually a 2 day hold on cash from a sale being available until the settlement occurs. (It seems like a leftover from the old trading days, these days it should settle almost immediately). An account with margin usually remedies this delay.
