for your example the google purchase is irrelevant. if you don't have a margin account, your buying power limits can become be a defacto control on how much day trading you can do. an occasional day trade is not a problem, but if the SEC definition if pattern day trader ever becomes applicable, your cash account will have limits imposed.
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I am confused on the matter of day trading. So I don't have a margin account, just a standard Brokerage account. I am curious to know if me buying for example Apple shares and selling it and then buying Google shares and selling it is considered a day trade. Will I be penalized for buying and selling multiple company shares in a day or is it just buying and selling from the same company?
