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..
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..