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Author: elann Big gold star, 5000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 254159  
Subject: Re: 3 Day Settlement Rule Date: 2/25/2014 2:31 PM
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Perhaps because I never wanted to sell a stock less than three days after buying it. Since I am not a day trader, why would I buy a stock I intended to keep less than three days?

One reason it could happen is timing. If your timing signal goes bearish two days after you last updated your portfolio, and you follow the signal, you'd be selling right after you were buying.


Well, you can't do that in a cash account. I don't know of any timing signal with such a precise hair trigger that you can't wait two days, if necessary, before selling.

Elan
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