Nice.
Working constrained inside my IRA at Schwab, I’m not sure I could sell and buy back in that quickly. The Sell Order would transact right away, but I’m not sure the funds would release to my Cash holding soon enough to transact a Buy Order an hour or two later.
you are correct, unless you set it up to allow margin transactions. It will be limited margin unlike a normal trading account, but it will allow you to buy back immediately.