I sold my position, but i’m not able to make new purchases. Why?
14/05/2025
Your Avenue account is a cash account. This type of account means you are only allowed to buy with the liquid funds.
That is, if you sold a stock today, funds will settle two business days after the sale. It is possible to buy without the balance being settled, due to market trust on a future payment, but if you break market trust by selling positions acquired with unsettled funds, there will be a violation on your account known as a GOOD FAITH VIOLATION. Consequently, assets sold before they are paid in full will incur this penalty. See the video below to better understand.