QuestEons
QuestEons Mar 26, 9:13 AM

@Rick14 Ah, Thank you for that information I was not aware.

dckeener
dckeener Mar 26, 3:34 PM

Cash account isn't subject to PDT, but you can only trade with settled cash. Cash usually takes 3 days to settle after a trade.

QuestEons
QuestEons Mar 27, 6:31 AM

@dckeener - I see. So any profits I make in a trade wouldn't be able to be reinvested into other trades until it has settled. So indirectly my trading would be limited until the account has grown some anyway.

rickp461
1
rickp461 Mar 27, 1:31 PM

@QuestEons The entire traded amount is held as unsettled, you could reinvest it if you want. eTrade will give you a warning about selling the trade with unsettled cash. They (eTrade) has been pretty good about settling the trade within 2 days. I like it because it keeps me from over trading. It's not as restrictive as the PDT rule obviously but if you are disciplined about it you'll be fine while you learn and trade. Hopefully one of these days I will start to profit more than I am...but I

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Raylbc27
Raylbc27 Mar 25, 3:29 AM

The only errors i see is you using Etrade. Sloooow execution. E-Trade is better for long-term investing (which might be your style) and occasional swing trading but waiting 10-20 seconds of getting orders filled does not work. Set up alerts and subscribed with promoters, pennystocking waste of time IMO. That is a thing of the past. Promos are not how they used to be.

Raylbc27
Raylbc27 Mar 25, 3:30 AM

Penny stocks like NBDR/KNOS are high-risk securities with small market capitalizations that trade for a low price outside major markets I'm sure Tim doesn't have these stocks on his list and for good reasons. Good Luck

QuestEons
QuestEons Mar 26, 8:25 AM

@Raylbc27 Thank you for the feedback! I really didn't expect anyone would read my posts yet, so pretty cool! Taking your comment into consideration.I chose eTrade solely because Tim recommended. That and interactive brokers, I believe he says. I'm not starting with the minimum on interactive so eTrade it is. What's been working for you? NBDR/KNOS are my own attempts at becoming self-sufficient in finding my own watch-list. Before I start trading I like to learn why my pics were poor ones or vice

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