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Settled Cash Available for Investment
Settled Cash Available for Investment reflects the total cash dollar amount available for trading without adding additional money to the account.

The balance is reduced 50% by any open orders. The value does reflect today's trading activity. The value is reduced or increased as soon as the trade executes, not when the trade settles. All buy trades are debited (subtracted) and all sell trades are credited (added). The values from non-trading activity, such as deposits, do not impact the cash holdings.

Source: E*TRADE FINANCIAL
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