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3 Responses to “How often can I buy the same stock? (Day trading)?”

  1. A nobody says:
    June 19, 2010 at 4:10 pm

    You can buy and sell the stock as often as you want as long as you are in compliance with the rules & regulations.

    Your example is not considered day trading since you did not buy and sell the same security on the same day

    You can buy on 4/30, then sell it on 5/1 an buy it back on 5/2 and sell it either on 5/2 or whenever you want

    BUT you can not sell a stock unless it have been paid for in full and you can not use the proceeds of the sale to cover the purchase,

    So if you bought on 4/30, the stock must be paid in full by 5/1 (when you sold it). If you didn’t pay for it, your account would be restricted for 90 days or until monies are received in to pay for the purchase in full

    If you buy it back on 5/2, the 4/30 purchase had to be paid in full,

    The payment for the purchase of securities is governed by the Federal Reserve under Regulation T All brokerage regulators have rules governing the timelyness of the receipt of monies to cover purchases

  2. Vultureman says:
    June 19, 2010 at 4:10 pm

    Not how often you can buy and sell the same stock no. There are people who buy and sell the same stock several times in a day.

    There are some tax laws regarding frequently trading out of the same stock, regarding wash sales, and short term capital gains.

  3. That Dude Brad says:
    June 19, 2010 at 4:10 pm

    As many times as you like… I don’t have a link….

    so f u