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Newbie to here and to on-line investing so sorry for my ignorance...Here is the question: I have a etrade account and I put all my $$ (about $4000 into a stock on Monday morning-it went up about 11% and I sold it Monday afternoon) I got a email from etrade saying that I cant sell a "unsettled" stock till three days after I buy it-(they sold it but now I cant do that for 90 days)-Why is this? and do I need a different kind of account to buy and sell in the same day? A different company? What?
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