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Re: DFDSQUAD3 post# 14247

Tuesday, 05/22/2007 4:27:14 PM

Tuesday, May 22, 2007 4:27:14 PM

Post# of 76394
The difference between the two is...
flipping on the same day is day trading.
If you day trade you have to follow the rules.
Likewise if you flip (on different days) then
the rule is that if you buy a stock with
money you got from selling another stock then
you have to hold it before you flip it. It takes
3 days to settle a trade.