simple t+3 question, page-2

Answer is no. You have performed a t+1 trade. Have a read in their online literature, it is clearly explained.

Couple of thoughts for you. Buy say $9500 of stock, if you make a 5% profit, you only get hit with $39.90 instead of 49.90 or 59.90 if you buy a bit over 10k of stock and sell for a modest gain. I usually buy in $9800 amounts, if I make 2%, then the trade stays under 10k.

At the moment, the market is going up and t+1 is more likely to be profitable. Look out in a falling market, holding overnight can be hazardous to your wealth.

If you screw your t+1 calculations, you can incur nasty overdraft fees.

Best to contact comsec and get them to answer your questions especially with your own dollars involved.