InvestorsHub Logo
Followers 32
Posts 3725
Boards Moderated 0
Alias Born 09/04/2007

Re: acc724 post# 4755

Friday, 10/02/2009 1:22:45 PM

Friday, October 02, 2009 1:22:45 PM

Post# of 115514
Please research the issue of buying and selling on the same day. My understanding is that if you do that more than a certain number of times (I think 3) in a certain period (I think 5 days) you are marked as a day trader and all kinds of bad things happen - e.g., you are required to keep a lot of money in your account, etc. Sorry I don't have details but I am not at my regular computer, and am really busy at work - took a break to read posts, but did not want to see you or anyone get hurt by this kind of regulatory stuff.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.