Just a quick question. What happens if i try to buy into a stock with unsettled funds on Etrade?
EXample: i have $90 of settled funds and $780 of unsettled. Can i buy $700 worth of stock?
Thanks for the help.
Just a quick question. What happens if i try to buy into a stock with unsettled funds on Etrade?
EXample: i have $90 of settled funds and $780 of unsettled. Can i buy $700 worth of stock?
Thanks for the help.
I see! I was just curious. I hate waiting on them to settle but i gues its something we have to live with
On Etrade they will lock your account for 90 days if you sell before the funds have settled
To avoid this you need about 2,500. I use 1000 to trade on Monday then 1500 the next day (Tuesday). Then by Friday or Thursday my first 1000 is settled. PDT rule only allows you to trade up to three times per week so that works for me. I think Monday and Friday are great trading days (for me) so thats why they are in my setup
Building up to it. Was just wondering if there was some loop hole i was unaware of that i could be utilizing. Thanks for the help!!
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