Is there a rule that prevents me from buying 100 shares of a stock during open market hours, then selling the 100 shares the next day, and repeating this process for more than 100 days?

Is there a rule that prevents me from buying 100 shares of a stock during open market hours, then selling the 100 shares the next day, and repeating this process for more than 100 days?

Stocks, Starting Out
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March 2018

There is no rule I am aware of that prevents that.  However this will violate the wash sale rule which states if you purchase a stock within 30 days of selling that stock you won't benefit from being able to write it off as a loss.  That said you can go buy and sell that stock as many times as you'd like it just will work against you from a tax perspective.  That said I have no idea why someone would buy and sell the same 100 shares of a stock for 100 days.  I've never heard of anyone doing this nor would I recommend it what-so-ever.  That said it can be done.

March 2018