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learner1156

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learner1156

Re: acc724 post# 4755

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

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

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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.
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