Recent content by Trader341

So really, if you want to trade with your own money without limitations or borrowing... you can really only buy and sell the same stock twice a week. Is this correct? It seems like any stock for that matter? Even if it is not the same stock you are buying and selling it would still be taking...

After talking to yet a 3rd Fidelity "expert" it turns out you are indeed correct. I was asking the wrong questions. You only have my word for it but two others mentioned nothing of this and clearly said that if I had 25,000 in my account I could do as I please and stocks were bought and sold...

Not only have I been told this by Fidelity and one other brokerage. I have also been told that you can buy on Monday and sell on Tuesday, buy on Wednesday and sell on Thursday below the 25,000 day-trading minimum without issue. This is possible because the stocks sell immediately.

Thank you for your input. I'll ask these specific questions to Fidelity and a couple of others just to make sure. But as of this moment, the agent I spoke to this morning does not agree with most of what you are saying. Per Fidelity: 1. If you put money in an account, nothing happens...

Well apparently under fidelity I am allowed to place 25,000 into brokerage account, invest 20,000 in stocks and as long as the stock goes up I can trade all day. The buys and sells are instantaneous in their organization. My profit and loss is my own. Is this what you are telling me?

On this forum I am just double checking what I know. What you are telling me is directly contradicting what an agent from Fidelity told me this morning. So unless Fidelity is somehow a different kind of organization, or unless that particular agent was deliberately leading me foul, a Margin is...

Asking the wrong questions about maintenance Margin? I'm sorry but I am not talking about borrowing anything. Just putting my own money into a brokerage account and using my own funds. I would never borrow anything. For Clarification Purposes: If below 25,000 combined dollar amount in...

The rules with regards to the day trading minimum of $25,000 leaves a little room for interpretation. I would like to fully understand how exactly this works. If you buy a stock and sell that same stock on the same business day, this is classified as day trading. You can get away with buying...