I've been trading for a couple of months and I signed up with Etrade before I heard all kinds of bad things about it.
I tried to trade a breakout this morning (THE) and I couldn't make the trade cause I had "insufficient funds." I called Etrade and they said I had unsettled trades and that I wouldn't be allowed to trade until Tuesday.
Is this common if I'm using the same capital from the last trade (I only have $1000 in my account and I'm using 100% in every trade) or is this an Etrade thing?
Google "SEC Settlement T+3" and read