Help me understand number of times to buy and sell
Okay so I will keep this short. I can’t understand the limits of my normal Robinhood account.
What does 3 day trades mean? I get the 5 trading day time limit. But does this mean if I have stock X. I sell it, that counts as a trade? Then if I buy stock Y that is a trade? So I am 2/3 on trades for my 5 day period?
Or is it only the same stock (buying and selling counts as 1 trade) so I could buy and sell the same stock 3 times in a 5 trading day period.
Which means if I have 500 dollars I could buy stocks A-Z with no problem and sell them as long as I don’t sell the same one 3 times?
Please explain it like I eat crayons still.
Submitted June 11, 2021 at 05:23AM by Gorgonnash