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Re: [RT] Three day hold rule problem



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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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