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Anonymous

03 Jun 2020

∙

General Investing

Hi, newbie using Saxo for US Stocks. Can I sell a stock (e.g. few hours) after I buy it, or is there a settlement time needed? If yes, how can I know when i'm clear to sell it?

Anything else that a newbie to trading/investing should know especially on the SAXO platform or the DBS vickers platform? Thanks!

Saxo Markets DBS Vickers Securities

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Tay_WenHao

02 Jun 2020

Yes. You can sell on the same day of purchase.

Settlement takes 2 to 3 days. But its the same for buy and sell.

So if you buy on Monday, the stocks will be in by Thursday. However, you can also sell on monday since the stock will only be deducted on Thursday.

But if you are new, I wont suggest you to do 'trading', which is buying and selling for profit on capital. If your aim is for investing, you should be looking to hold long term.

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