Replies to post #6848 on AGR Tools, Inc. (fka AGRT)

[KnowProphet]

I can only speak for Etrade.

With margin on the account, I don't have to wait 3 days after I sell something to use those funds.

I could buy AGRT today, sell it this afternoon, then buy GWBU right after that, then sell it 5 minutes later, and turn around and buy AGRT again, then sell it again. After those 3 day trades I would have to wait 5 trading days before I day traded again, but I could buy and hold over night and sell it the next day. Or you could do your day trades on different days. You don't have to wait the 3 day settlement time if you have margin. Just don't make more than 3 day trades in. A 5 trading day period.

Etrade has a counter in the balances section of your account page which tracks how many you can do, and have done. I don't know if other brokers do that for you or not. I think it's good that it's displayed, then you don't wonder if something you traded counted as a day trade or not, it's right there for you to look at.

[KnowProphet]

To don't seem retarded, it's not the kind of stuff you learn in school. Lol. Here to help with what I can. If I don't know, I'll tell you I don't know. ;-) there's plenty I don't know.

[softballdaddy]

I have Scott, if I go below 25K than the number of trips I can do is limited...I don't have unlimited trades in a day...at least that is my understanding.

[craigers]

Remember, $2000 equity. That means the total value of your stocks and cash. You can trade without free rides at will then, and theyll keep track of your day trades.

[fretboy]

I don't get it. I'm with scottrade and I'm not limited. I've traded 4 times in a day. Regular acct. what am I missing? Why are you waiting 3 days? For what?