@Josephzinser I recently got suspended for 90 days. I think the rule is 3 day trades within a 5 trading day period because I got suspended on a Monday. Also if you hold a stock overnight, sell it, then buy more it counts as a day trade. #smallaccountstruggles
Thanks for the feedback Luke Grimes. I think I'm going to open up multiple accounts with E-Trade and divide my money between them to pick up extra trades. It's not only the three day rule. It's also the fact that when you make a trade it takes 3 days to clear the funds after you sell. If you use the funds during that 3-day time span it can also create a 90-day restriction.
@Josephzinser I recently got suspended for 90 days. I think the rule is 3 day trades within a 5 trading day period because I got suspended on a Monday. Also if you hold a stock overnight, sell it, then buy more it counts as a day trade. #smallaccountstruggles
Thanks for the feedback Luke Grimes. I think I'm going to open up multiple accounts with E-Trade and divide my money between them to pick up extra trades. It's not only the three day rule. It's also the fact that when you make a trade it takes 3 days to clear the funds after you sell. If you use the funds during that 3-day time span it can also create a 90-day restriction.
Thanks good information
@proscovia1
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