Hey everyone, I'm new to trading shares and i have a few things i need to know that i cant seem to find information on.
I started my account with $1,000 and I've bought $990 worth of shares yesterday (22/02/16) with settlement on 25/02/16. Tonight i ordered them to be sold (for a small profit). I have also bought $910 worth of shares elsewhere, so both orders (sale and bought) should be executed tomorrow morning (24/02/16) with settlement on 28/02/16. what i would like to know is once settlement for my original bought shares is processed and I'm left with $10 in my account on 25/02/16, what will happen when my sale and my new acquisition of shares are both due for settlement on the same day?