what im saying is.. you would ONLY be using cash.
s "soma" got his switched to margin.
we only trade pink and otc type stocks so each acct will tell you your cash balance.
so that you dont go over that and it wont let you go over, there is a protective system in place.
see what im saying?
talk to etrade, they will tell you the same thing.
im glad i did it some months back. i can buy today, sell maybe tomorrow and the money is avail right away.
no borrowed money, just dont have to wait for it to settle.
just trying to help ya out. :-)