Replies to post #2188 on E TRADE Financial Corp (ETFC)

[suzyHomemaker]

Hi Arnie,

One of my accts is a retirement account and subject to the 3 day rule.

The other is a cash margin acct. I don't use margin and don't short. But you are still limited to 3 day trades over 5 trading days or you get labelled a pattern day trader and then there's a list of rules that go with that.

I usually never buy a stock unless I have the ability to run like a chicken if it goes the wrong way, thus making it a day trade. So it really limits me to 3 trades a week.

Now, pamo talked me into buying some ETrade just now, so I have to hold that overnight or I'm flagged. It's not the end of the world but it's pretty annoying.