I just switched over from paper trading to real money on WeBull, but after about an hour of trading today got the message that I was now buying shares with Unsettled Funds and would be committing a Good Faith Violation if I sold that stock before the next business day (fyi my trading account is $3000). For some reason, in all my reading about this type of trading, I hadn't come across this issue. My style is more momentum trading than day trading, but still involves attempting to buy a stock low in the morning and selling it high in the afternoon (as opposed to holding it overnight). Is that simply not allowed? I understand that if I open a margin account and keep at least 25K in there, this might be possible, but that's probably not doable for me. Is there any other way around this rule that would allow me to trade in this manner?
