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5
Cash account?
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I know it’s an option on RH but has anyone actually decided to try it? It says it can take 3-5 days to settle but I know of a couple other brokers that say the same thing but funds are actually settled to trade the next day. Basically I’d like to circumvent the day trade rule with a cash account. I know with other brokers the “gains” will take extra time to settle but your initial deposit should be good to go...for example cash account Buy 3 contracts for 300$ sell for 350 same day Buy 2 more contracts and spend 300 sale for 350 Buy 1 contract 100 sale 125 Buy 1 contract 100 sale 125 The next day you could trade your initial 800 again and only have to wait for the 150$ to clear settlement and no pdt rule

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Posted
4 years ago