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)...
Made an order on commsec yesterday and it seems it had an extra zero, it doesn't seem like it can be cancelled as it's already been filled. There's no way I can cancel it is there? Or what would be the penalties if I don't pay, I don't have any active stock with commsec.
cant do a search for T+3 so no idea if this has been covered, but i was wondering when contracts through Brokers are settled T+3 if i do an intraday trade how does it work?
I have $1000 in my account, i buy $2000 of shares at 10:00am, sell them at 2pm for $3000, in 3 days...