Is there any way to buy and sell stocks on same day??

Question

Trader can buy and sell stocks same day.. How ??please help? What account i should open?

Answer 1

I recommend an online brokerage firm that has good beginner qualitys {like tutorials or an easy to understand set up}, i use zecco, better then schwab, etrade, etc. they are the only ones with free stock trades, no minumums..all the others will charge you fees for trading, but compare and see for yourself. Good luck and happy investing!

http://friends.zecco.com/r/a7a2877caab81...

Answer 2

Of course. Open an online account (Schwab, TDAmeritrade, etc.)

Buy, sell, whatever.

It's totally legal to do that.

However, you will be paying short term gains (or accumulating short term losses). Long term (capital) gains are taxed at a lower rate than short term. But hey, money is money - so you pay a little more in taxes.

Answer 3

Anybody can buy and sell stocks on the same day.

But all purchases that are made must be paid in full before selling them. If somebody sells without paying for it, then their account is restricted for 90 days or until payment is made, and the payment can not include the proceeds of the sale,

Most people that trade daily, always have monies in their account that are sufficient to pay for all their purchases.  Doing this does not require a margin account. And remember, all brokerage firms postings are on a settlement date basis, so if you are going to buy every day, you must have enough monies in the account to cover three days of purchases, since day one's trades will not settle until 3 business days following that day.

If you are going to trade the same stocks on a daily basis, then you will be considered a pattern trader and will be required to have a margin account in which you must maintain $25,000 of minimum equity at all times.   This IS NOT a $25,000 deposit, it's equity which means it can not be used for trading,

  

Answer 4

i think, you can try overnight income investment. it more simple, workable, profitable and no risk investment. actually, your money will work for you, even while you sleep, and you get your first overnight income. your money grow daily.