i heared that when you buy a stock share it takes 3-4 days to be able to sell them and to sell them it it takes another 3-4 days this means that u need 7-8 days for a single trade !!??
2006-11-25 23:02:18 · 5 answers · asked by GORO 1 in Business & Finance ➔ Investing
This is not so. The fact is that you don't even need to own a stock to sell it. You can sell a stock short -- by borrowing them from your broker & selling them. The brokerage holds onto some of your money as security. You can then buy shares later & replace the ones you borrowed.
When you buy a stock, it takes a few days to settle. That means that if you actually want to take possession of the stock certificate, you will have to wait a few days.
But the same holds when you sell. If I buy a stock in the morning, I might not take delivery for three days -- but that doesn't mean I can't sell it -- because I don't have to hand over the certificates for three days. If I sell it in the afternoon, the stock certificates would be delivered to me by the time I have to deliver them. Usually, we don't take delivery -- and the brokerage handles assigning them for us.
2006-11-26 03:59:35 · answer #1 · answered by Ranto 7 · 0⤊ 0⤋
yes, you can buy a stock and sell it the next day...you can buy s stock, sell it 10 seconds later, then buy it back and sell it again before the day is done if you really want. The only thing holding you back would be the turnaround time on the transaction. You don't need a stock broker if you know what you are buying. Sign up for an e-trade account of something and you're set.
2016-03-29 09:21:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Not true. In the US we have companies who set up labs for day traders. Day traders do not own any stock when they check in, in the morning. They then buy and sell stocks during the day, with the intent of making a profit. By the end of the day, everything is sold.
The brokers who run these services charge a fee for each transaction. Everything is done by computer and the trades are done in an instant.
2006-11-25 23:07:57 · answer #3 · answered by regerugged 7 · 0⤊ 0⤋
For buying it will not take 3 days, but for showing in your DP account it may take a few days but at the same time you can sell those stocks which you already bought but not showing in your DP account
For selling if you pay higher rates they will give money to your account on the next day itself
My on-line trading broker takes 0.30 % for normal delivery & 0.75% for express delivery (next day) of money
2006-11-25 23:19:03 · answer #4 · answered by <º))))><.·´¯`·. 3 · 0⤊ 0⤋
Yes. Some brokers even give BTST (Buy Today Sell Tomorrow) recommendations.
2006-11-26 07:25:14 · answer #5 · answered by venkram_99 2 · 0⤊ 0⤋