posted
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?
Posts: 15 | From: dhdj. ny.usa | Registered: Nov 2004
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posted
You must have a cash account! With $2,000 you can open a margin account and then have no problems!
Posts: 2322 | From: FL | Registered: Aug 2004
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