1. 08-08-11 03:48 PM #1
    Monitor-Tan
    Tony Romo of Daily Fantasy
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    Question about buying and selling stocks

    Are u allowed to buy and sell the same company stock on the same day?
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  2. 08-08-11 03:48 PM #2
    Brock Landers
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    if you don't know the answer to this you should not be buying anything
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  3. 08-08-11 03:49 PM #3
    Monitor-Tan
    Tony Romo of Daily Fantasy
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    There's different SEC rules for people who buy and sell stocks on same day and people who hold for longer term
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  4. 08-08-11 03:52 PM #4
    doublej95
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    no question asked is ever a dumb question but using google first sure does help hide stupid.
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  5. 08-08-11 03:52 PM #5
    jjgold
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    Quote Originally Posted by Brock Landers View Post
    if you don't know the answer to this you should not be buying anything
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  6. 08-08-11 03:53 PM #6
    Monitor-Tan
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    I guess I phrased it wrong, does etrade and scottrade have different requirement to be a day trader, or is it a federal regulation to maintain 25k
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  7. 08-08-11 03:54 PM #7
    RealSlimShady
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    Quote Originally Posted by Monitor-Tan View Post
    Are u allowed to buy and sell the same company stock on the same day?


    Yes. But if you do it too often, your account will be flagged as a day trader account and you will have some extra rules to adhere to. Like minimum acct balance, etc.
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  8. 08-08-11 03:54 PM #8
    RealSlimShady
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    Quote Originally Posted by Monitor-Tan View Post
    I guess I phrased it wrong, does etrade and scottrade have different requirement to be a day trader, or is it a federal regulation to maintain 25k


    I think its a federal regulation......25K is standard, I believe.
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  9. 08-08-11 03:54 PM #9
    Monitor-Tan
    Tony Romo of Daily Fantasy
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    Quote Originally Posted by RealSlimShady View Post
    Yes. But if you do it too often, your account will be flagged as a day trader account and you will have some extra rules to adhere to. Like minimum acct balance, etc.

    Thank you thas what I was looking for.
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  10. 08-08-11 03:57 PM #10
    tony_come
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    Quote Originally Posted by Brock Landers View Post
    if you don't know the answer to this you should not be buying anything
    What the answer pal? Why can't I return my car after I purchased a week ago?
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  11. 08-08-11 03:59 PM #11
    SlickFazzer
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    no you must hold each stock for at least 60 days.
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