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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: steve goldman who wrote (3269)3/1/1998 8:45:00 PM
From: Sheri  Read Replies (2) of 12617
 
Question:

I got tagged for a 'free ride' last week. I bot NETZ Mon, sold Tues AM, and bought back Tues afternoon.

Now, the broker says I cannot buy more than my starting balance in one day.

So if I say buy 5K (starting balance in morning) worth of stock abc and sell for profit, am I done for the day, or can I buy ANOTHER stock as long as its not for more than 5K????? I know I'm done for the day with ABC, but what about XYZ?

Thanks in advance

Sheri
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