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wal***com05/30/2020 14:54

$Genius Brands Hey guys I have a question. I deposited 3500$ into my account but it takes 5 days for it to clear. my ? is if I place a order for the whole 3500 on this stock at a certain price, let's say 2.00 and by the time my money clears 5 days later the stock is up to 2.75 will I still get the 3500$ at 2.00$ a share or am I asked out? Or will I just get a portion of the 3500 for instant buying power until the rest clears.

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Maximus·05/30/2020 17:10

when you deposit money your solid to buy and sell. However, if you use unsettled funds to buy and sell a stock; the amount you got from your sell off is what i would recommend you wait until it settles. if after you did your day trade (buy+sell) then your try to buy AND sell again it will trigger a GFV (Good Faith Violation). so to sum it up Deposited money = good to buy+sell Unsettled money AFTER you buy + sell = GFV

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Broke2Rich·05/30/2020 16:51

On Monday whatever shows up as your buying power you are clear to use however, keep in mind since the funds have not settled yet you can sell the stock same day but, it will trigger a good faith violation. Basically I would avoid selling the stock until the funds settle to avoid the good faith violation.

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DIAMONDHANDS·05/30/2020 15:19

1 k buying power

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Jmoss·05/30/2020 15:08

You cant trade until your account is fuNded

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dvr***com·05/30/2020 15:13

no. if you want to make quick decisions you have to keep liquid money in your account

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wal***com·05/30/2020 15:09

And there's absolutely no way of depositing money instantly...no waiting

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YUNIOR·05/30/2020 15:06

Probably wont clear till this friday or in 7 days monday.

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XP·05/30/2020 14:57

You will only get up to 1k borrowing power I believe until it clears.

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Tab·05/30/2020 19:21

Well it depends on if this is your first transfer—- initially i only had 1000 dollar buying power as I transferred more money into webull— now over 10000 (including The profit)—i have a buying power of 5000 at n e time. so if this is your first transfer unfortunately only 1000 will b available to buy and sell— some of the comments mentioned that youll get a gfv for selling but u wont—at least not until u sell — rebuy and sell again...the transfer given to u by webull initially is ‘settled’

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wal***com·05/30/2020 14:58

Dang that really sucks.

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wal***com
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