DAYTRADING Fundamentals Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : DAYTRADING Fundamentals

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: - who wrote (1658)	7/8/1999 3:28:00 AM
From: M CAHILL	Read Replies (2) of 18137

Regarding IRA account So your saying it's okay to trade in and out of the same stock as many times as you like in the same day? What about buying more stock then you can pay for (by mistake, because of poor or slow balance updates) and then selling it for a profit later on in the same day? For example you have $17,250 available, you buy 500 shares for 35 costing $17,500 and sell it at 36 for $18,000. Making $750. Is that illegal and if so shouldn't the brokers web-site flag the trade before it's made with an error message, saying "You don't have enough money" or something?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next