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Strategies & Market Trends : Day Trading Rules

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To: maria who wrote (17)5/3/1998 12:34:00 AM
From: Mikey  Read Replies (1) of 40
 
Maria,

Thanks for the response. Hmmmmm. This raises some questions. Say I have 5,000 shares of stock A. Monday I would like to buy 10,000 more shares of stock A. If I buy these with a cash account, am I allowed to sell any of it Monday? If so, how much can I sell? If I sell 7,500 shares, will I get in trouble? What happens if I buy a stock that I plan to keep if for a while, but it starts going down, so I need to sell it? aaaaahhhhhhhh.... I'm so confused. Someone please help..

Thanks

Mikey
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