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Zandaya

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21/12/16

21:32

Post #: 21499622
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Originally posted by Zaeed ↑

haha all good, i'm just curious how it works.

So why would you need to sell by Tuesday if settlement is Wednesday? I found on comsec it said if the sale amount is less than the buy amount, i.e. buy $10k and then sell for $8k, then the transaction on Wednesday is $-2k, which I get. But if it's a +ve amount the rules seem to be different.
Why wouldn't you be able to sell on the Wednesday, isn't that still within the T+2 period?

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