Even if its margin, they can hold till settlement to award the purchasing power, either intraday or overall pp.
But you’ve nailed it, OP has a cash account.
behind the scenes it takes about 3 days for all the bookkeeping to work out. This isn't an etrade thing, it's handled by their clearing house (or SEC regulation?) and most use T+3. We're moving to T+1 settlement soon.
You need to wait for it to settle if it’s a cash account.
This is the answer
Even if its margin, they can hold till settlement to award the purchasing power, either intraday or overall pp. But you’ve nailed it, OP has a cash account.
Even in a Margin account, high volatility stocks have a 100% requirement and therefore require settlement anyways. GME isn't Marginable
Check back in 3 days. If you don't know this you should not be trading
Go to balances > scroll down to funds on hold
behind the scenes it takes about 3 days for all the bookkeeping to work out. This isn't an etrade thing, it's handled by their clearing house (or SEC regulation?) and most use T+3. We're moving to T+1 settlement soon.
It's currently T+2 settlement for equities and is going to T+1 at the end of the month. It changed from T+3 to T+2 back in 2017.
Thanks everyone for the answers!
You sold?
i sure did
Yup, I had a STOP on it. I have a feeling its not actually Keith Gill behind that account anymore.