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| *The Commerce Journal>>>Investing |
Day Trading With Stocks? |
If i were to invest 140,000 dollars in 1 brk.a stock, and i buy in the morning and sell in the afternoon making a profit of say 2,000 dollars would I be able to use that fund to buy another share of brk.a the next day? Yes if you do this 4 or more times in a week, however, you will be tagged by the SEC as a pattern day trader. This just imposes special trading rules on your account. Mainly, you must maintain a balance of $25,000 or more at all times. Since you are talking about investing $140,000 then this wont be an issue. Other regulations pertain to margin accounts and non-withdrawl requirements. Also remember that profits made by day trading are subject to normal income tax, they don't receive the special tax treatment of long-term capital gains. But the short answer to your question is yes, you can do this. yes............ Totally, then you can make more moo law considering that the market continues to go up, but if it starts to go down, take the money out. Watch it as soon as the market raises put the money back in!!! yes u can . You will find more shares that do better than 1.4% everyday. I guess you've assumed that BRK.A goes up everyday. The US Senate did a study in 2001 entitled "Day Trading - Everyone Gambles But the House" where they found that none of the day trading firms could document any client that made money day trading. I'd advise staying away. |
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