2006-06-16 15:34:54 · 6 answers · asked by Anonymous in Business & Finance ➔ Investing
How can I avoid this?
2006-06-16 16:14:44 · update #1
As I understand it, a "free ride" is where you buy the stock and sell it the same day, without really having the cash available to cover your buy. This is a prohibited activity.
This really doesn't affect anyone except day-traders. So don't day-trade and you don't need to worry about it.
2006-06-16 19:58:27 · answer #1 · answered by NotEasilyFooled 5 · 0⤊ 0⤋
I buy and sell stock all the time ( Im not a profesional or anything) but I have never heard of the free ride rule.
2006-06-16 16:14:39 · answer #2 · answered by Josh F 2 · 0⤊ 0⤋
you want a brokerage account. evaluate an information superhighway broking service like eTrade, Scottrade, Tradeking, etc. you could open your account on line. then you actually only deposit money into it. From there you could position orders to purchase stocks of inventory and promote in a lengthy time period. look at yahoo finance as a starting up aspect for inventory marketplace information and prices. there are diverse information superhighway sites obtainable inclusive of reuters, MSN money, CNBC, monetary cases, etc. do a touch exploring and word what you want. bypass for your interior of sight e book keep or library and p.c.. up a straightforward e book on a thanks to make investments in stocks. that would want which could help you get your commence. there is lots to study. sturdy success!
2016-10-31 00:43:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
When you buy or sell, don't do it while standing in the "Free Lunch" line or either the SEC or IRS will be on your back immediately.
2006-06-16 16:06:21 · answer #4 · answered by Puzzleman 5 · 0⤊ 0⤋
$25,000.00
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2006-06-16 20:43:21 · answer #5 · answered by Anonymous · 0⤊ 0⤋
And that would be?
somebody's pulling your leg
2006-06-16 15:45:15 · answer #6 · answered by dredude52 6 · 0⤊ 0⤋