When you sell a stock (for profit) how long do you have to wait in order to buy it back?

Question

If you purchase 20 shares of a stock and it increases in value 20% and you sell it, how much longer must you wait in order to re-purchase the same stock assuming the price of the stock has decreased since you sold it?

Answer 1

You don't have to wait at all.

The wash sale rule does indicate how your sale is taxed if you sell at the end of one year and buy it back the following year.

But if you're not concerned with the tax consequences of a trade, you can buy and sell and buy again--several times a day if you're a day trader.

Answer 2

You don't have to wait. You can actually sell and buy at the same time if you really wanted too.

Answer 3

You do not have to wait at all. Unless you are working for the company whose stock you are selling or buying.