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A Cash account is just account with no margin. You can only trade what you have available that day. The money clears again to be used every 2 days after you sell. You can never get restricted and unlikely trade over your head. I think it's better for new traders.

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Barry Sheppard

@BoysLikeRockets

Feb 25, 2021

Replying to @MasterBJones and @traderbjones

Yep! I did that. Was trying to build to 25k. What’s a cash account?

3:45 AM · Feb 25, 2021Twitter Web App

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I always tell people to divide their cash account into 1/3s. Trade only with 1/3 per day. Then, they always have settled funds to make a new day trade.

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That's smart.

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This is my world but it does make it tough to jump in and out when needed.

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Webull takes a whole week sometimes for the selling cash to be settled in account! You can use that unsettled cash to buy positions but if you close those positions before the fund gets settled you will get GFV mark

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Thr 35+years I only used margin thr Dec 1999, then switched to cash ever since. My accts at Schwab since 1985, TD since "99 and Lightspeed from 2011 make funds 💯 available upon execution of sale. Webull makes me wait 2 days only for options.