Hi,
This is my first post and obviously I am totally new to trading and investing.
So my question is:
Is there a maximum limit to the number of intraday trades that an individual day trader can make? If there is such a thing, it seems to make perfect sense.
Otherwise, my idea was:
buy and sell even if there is very small increase in price. The profit will be small, but do it several times a day to gain a sizable amount of profit. Of course one has to opt for a discount broker with an unlimited brokerage free plan.
Am I correct here or are there no limits? If the latter is true, it seems too simple to day trade. Waiting for your kind replies..![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
This is my first post and obviously I am totally new to trading and investing.
So my question is:
Is there a maximum limit to the number of intraday trades that an individual day trader can make? If there is such a thing, it seems to make perfect sense.
Otherwise, my idea was:
buy and sell even if there is very small increase in price. The profit will be small, but do it several times a day to gain a sizable amount of profit. Of course one has to opt for a discount broker with an unlimited brokerage free plan.
Am I correct here or are there no limits? If the latter is true, it seems too simple to day trade. Waiting for your kind replies..