QUOTE(contestchris @ Aug 5 2017, 01:34 PM)
What I mean is: Sell X lots of Stock A...and the buy Y lots of Stock B on the same day using Stock A's proceeds. Is this possible? Say I get RM10,000 proceeds from selling stock A, can I use RM8,000 of the proceeds to immediately buy Stock B?
Or MUST I wait for T+3, only then the money becomes free?
Trading Account: M2U OST, Cash-only account
Thanks!
I use the same platform and I have a cash only account on it too. It's possible to sell a stock and then buy another stock on the same day.Or MUST I wait for T+3, only then the money becomes free?
Trading Account: M2U OST, Cash-only account
Thanks!
After you sell your stock, the cash balance is automatically returned to your account. You can check your Cash balance in 'Online Enquiries -> Acccount Summary' under Account Position.
That's how much you have to purchase stocks at that time (immediately after you sell your stock).
TL;DR : yes you can.
This post has been edited by JakeGFX: Aug 8 2017, 03:09 PM
Aug 8 2017, 03:04 PM

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