Question about buying and selling stocks

[Monitor-Tan]

Are u allowed to buy and sell the same company stock on the same day?

[Brock Landers]

if you don't know the answer to this you should not be buying anything

[Monitor-Tan]

There's different SEC rules for people who buy and sell stocks on same day and people who hold for longer term

[doublej95]

no question asked is ever a dumb question but using google first sure does help hide stupid.

[jjgold]

if you don't know the answer to this you should not be buying anything

[Monitor-Tan]

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

[RealSlimShady]

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.

[RealSlimShady]

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.

[Monitor-Tan]

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.

[tony_come]

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?

[SlickFazzer]

no you must hold each stock for at least 60 days.