ASB and t+3

[marknz88]

Just a quick question that I think I know what the answer is, but just wanting confirmation.

Im with ASB securities as my broker. Now I have never bought shares and sold them the same day, generally im a Longer Term active investor.

However yesterday I thought I would try some short term plays. The problem is that when I am going to sell them right now, I get a warning message stating "Warning!! - The quantity of shares you have entered exceeds our records of your current holding."

So I'm assuming since it hasnt been T+2 days since I purchased them, I cannot sell them until the 7th?? i.e. tomorrow?

This seems quite ridiculous to be honest (not that I will be losing money YET, but if there was a huge drop then how would me stop loss be executed?)

Any insight into this would be appreciated and possible other brokers that will allow me to day trade every now and then.

Thanks

edit// t+2 (for buying shares) the title should read