Oilman,
Some private brokers might want the money the same day if you have a history of failed settlements etc.
Most online brokers don't. I use Westpac and they have t+3 trading, so do commsec and most others. If you buy on Monday you have to sell on Wednesday to avoid settlement on Thursday. If you sell on Wednesday for a profit, it is still treated as a t+3 and you get you money on the Monday.
If you spend $20,000 on Monday, your account is due to be debited by $20,000 on thursday morning. If you sell the shares for $19,000 on Wednesday, T+3 brokers offset the amounts and therfore only debit your account $1000 on Thursday.
day traders, page-4
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Last
31.0¢ |
Change
-0.005(1.59%) |
Mkt cap ! $450.9M | |||
| Open | High | Low | Value | Volume |
| 31.5¢ | 31.8¢ | 31.0¢ | $897.5K | 2.872M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 79201 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 138883 | 3 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| IMM (ASX) Chart |