thoughts on the T+2 to T+1 settlement change?

Discussion in 'Investing' started by TomB16, Feb 20, 2023.

  1. TomB16

    TomB16 Well-Known Member

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    Any thoughts on the move to one day trade settlement from two?

    Any thoughts on how it will impact volatility?
     
  2. T0rm3nted

    T0rm3nted Moderator
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    It won't is my guess. I'm for it though. Should have access to your money sooner.
     
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  3. StockJock-e

    StockJock-e Brew Master
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    The fact that in 2023 there isnt instant settlement...
     
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  4. Spud

    Spud Well-Known Member

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    Very little if any.

    $ 25,000 plus accounts can unlimited day trade until their fingers get numb if they want.

    $2,000 "and up" Margin accounts can do unlimited swing trades "overnight" and currently place 3 daytrades in a rolling 5 day period.

    Cash accounts are very minimal and are a tiny portion of the market percentage.

    Advantage of a cash account when applicable is to upgrade to margin acct. and DO NOT use the extra buying power. The purpose is to have access to overnight settlements, eliminating the unsettled funds issue, etc.

    The key word is NEVER use the extra margin buying power, that's where most usually go wrong.
     
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  5. TomB16

    TomB16 Well-Known Member

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    Thank you, gentlemen. :thumbsup:
     

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