Uncleared funds

[tugga]

How long does it take for your funds to clear, once you have sold a packet of shares?

 

[sam76]

Very Good question.

I sold some warrants on the 11th and there are apparently clearing today.

Why does it takes so long??

I thought it was T+3

 

[Noskcid]

Donno, mine once took upto 2 working weeks

 

[The Mint Man]

For traders that trade in and out of a stock, how do they manage this if it takes so long to settle?
Or would it all settle on the one day?

 

[tugga]

you can trade unsettled funds.

i need the money haha cause i put every cent i had into this company made my money then pulled out.

now i need the cash, my gf's bday is in a few days and i only have $80 in the bank, ohh ****!!!

 

[Noskcid]

That could be a problem, better give them a call!!

 

[Happy]

T+3 working days, sometimes it means 5 calendar days for shares, not sure in case of derivatives (options, warrants)

Did you think of using credit?
After all, you will have money in the bank, just not today.

 

[tugga]

I sold on friday so hopefully tomorrow

 

[Noskcid]

I hope for the best, for you

 

[anyone1]

you can trade unsettled funds.

i need the money haha cause i put every cent i had into this company made my money then pulled out.

now i need the cash, my gf's bday is in a few days and i only have $80 in the bank, ohh ****!!!

I would consider this as a mighty good investment. No money means no present which means no gf.... Imagine how much you will save in the long run.

 

[Noskcid]

I would consider this as a mighty good investment. No money means no present which means no gf.... Imagine how much you will save in the long run.

LOL!! or excuse to save up for a bigger present LOL!!!

 

[anyone1]

LOL!! or excuse to save up for a bigger present LOL!!!

I never thought about that! hmm... I wonder how many times that excuse would work...

 

[tugga]

hahaha, she just rang me just then and said she doesnt want anything.

which in women language means she wants something

 

[Noskcid]

I never thought about that! hmm... I wonder how many times that excuse would work...

Depend how you play it , I would imagine not too much though , but then you could say I lost it in the other share so now im putting it in here, so it seems your risking it all for her present, your hoping to get to her.

Umm lets come back to reality.

 

[Noskcid]

hahaha, she just rang me just then and said she doesnt want anything.

which in women language means she wants something

Yupz....

 

[sam76]

hahaha, she just rang me just then and said she doesnt want anything.

which in women language means she wants something

something expensive...