I am running afoul of Etrade's 3 day "free ride"
rule which requires that funds from a trade be cleared (requiring 3 business
days) before a successive position is sold. I am not free riding by a long shot
but have been taking large positions in QID and QLD with short trades and now
have a 90 day "cleared funds only" lock on the account.
Is there a different way to do this? Is there a
firm that clears in less than 3 days?
Steve
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