NEWBIES BOARD

[rookie2012]

Yup totally makes sense. I did see that post sorry that you had to re-explain. Also another newbie question that I may have asked before bit would like clarification.

So I use ETrade for my brokerage. Lets say for example I had bought MWIP last week on Monday and sold on Thursday. I know that I have a 3 day settlement on all buys and sells. So I'm under the understanding that if I was to buy ERBB tomorrow I would have to hold that position for at least 3 days? I think an ET rep said I could sell my second position in the case ERBB before three days but then I'd be subject to the 90 day trade restriction. Again the scenario I just have isn't a day trade. Anyway I'm just needing clarification as many of our plays could present this. If we buy on Monday then sell on Thursday or Friday and then a new pick the following Monday.

Thanks for your response Gary I know I am learning a lot!


Rookie