You can have a margin account and not have to worry about the three day settlement. But once it is a margin account you can't make daytrades more than four or more times in five business days if you have under 25k. If you do your account will be restricted. You can still trade with a margin account trading pennies. You just won't be allowed to borrow to trade them. YOu can use your own money and not have to wait the three days to sell something that you bought with unsettled funds - just make sure you don't go over the pattern day trader rule if you have under 25k.
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