Originally Posted by
burrocrat
2) i notice on the trade confirmations that one of the funds had a -0.01 discount and one had a 0.08 premium. i guess this means i paid that much more (or less) per share than the market price? i did not notice this info when i placed the trades, will have to pay more attention next time.
3) we are talking only a few hundred dollars per trade so i put all my available cash in up to an even number of shares, account summary shows i now own the shares but trades don't settle until 11/13, most of my balance is tied up in unsettled funds. what happens if i want to sell before then? do i have to wait until it settles to sell the shares? if i can sell before settlement, and then have two unsettled transactions, do they just keep a running tally of what happened when and eventually i realize a net gain or loss? if so, can i continue to do this multiple times? i read a thread by xlentlady about never trading with unsettled funds but don't understand why, i wonder if i'm about to learn another lesson the hard way here?