Nope. Trade them as many times as you please. Just make sure you have
sufficient assets in your account to be exempt from the Frequent Day Trader
rules. I think the minimum size is $28,000, but check with your broker.
--
Lubow
"Zepher" <something@net> wrote in message
news:46bf9f3a$0$30624$4c36...@roadrunner.com...
>
Thanks. I thought I'd once heard multiple trades on the same day was
verboten but couldn't find anything on-line today.
Been wanting to get around the T+3 delay without putting more funds in my
account. If the answers I get regarding margin trading fit my needs, I'll
enable that feature.
--
Lubow
"Zepher" <something@net> wrote in message
news:46bfbad0$0$28666$4c36...@roadrunner.com...
Vito
"lubow" <lu...@lubow-industries.com> wrote in message
news:AvNvi.1772$tU4.53@trndny03...
If you are rated as a frequent day trader (there is an NASD term for this),
then there is a required minimum account value you must have. Meet that
number and then trading is 'no sweat'.
Vito
"Zepher" <something@net> wrote in message
news:46bfbad0$0$28666$4c36...@roadrunner.com...
>Are there any exchange rules prohibiting multiple daily trades of the same
>stock?
Enough round trips (four in five trading days, if I understand the
rules right) and you become a "pattern day trader."
Pattern day traders must:
1) Have $25,000 in their account (minimum)
2) Have a margin account
See NASD Rule 2520 for all the gory details.