There are no restrictions on placing multiple buy orders to buy the same shares more than once a day, and you can place multiple sell orders to sell the same shares in a single day. FINRA restrictions only apply to buying and selling the same shares within the designated five-day trading period. Regulation T of the Securities and Exchange Commission prohibits the practice of placing free bets or buying and selling stocks with money that is not yours. Since selling shares in your IRA takes three business days to become official or liquidated, the money from the shares sold isn't really yours until three days after you make the trade to sell.
Freeride occurs if you use unliquidated cash to buy and sell another stock within three days. You'll be trading with unliquidated cash if the cash balance in your account comes from a recent stock sale (that is, within three days, that is, within three days). So, if you sell a stock today and buy the same stock again later today, you would be guilty of exercising off if you sold those shares again in the next three days. Freeride is avoided if there was previously a cash balance that covered the cost of buying the shares.
When you invest in stocks online, you should do so at a broker who gives you advice on how to trade and when to sell your shares for maximum profit. At Motilal Oswal, not only can you open a free online Demat account, but you can also get business information that helps you see that your investments are profitable. It's always possible to sell stocks for profit, since the Income Tax Department makes you pay taxes on any profits you make. It is, as mentioned above, a capital gains tax.
You can buy the same shares again at any time and this has no influence on the sale you made for profit. The rules only dictate that you pay taxes on any benefits you make from the assets. Earning profits on stocks means you get big rewards. Any profit you make is taxed in India and the profits translate into paying taxes.
However, when you invest in stocks, you can earn substantial long-term benefits and your taxes may be minimal compared to the stock returns you earn. A designated daily trading account can only be a margin account, and since your IRA cannot be a margin account, stocks will not be allowed to enter and exit on a daily basis in your IRA. Unfortunately, while you can occasionally sell and buy back shares during the same trading day, brokerage account rules will prevent you from making it standard practice into an IRA. If you have a 9-to-5 job and use your nighttime hours to research stocks and place trading orders for the next day, you (and others like you) are the reason for the first hour of high volume.