Say we have a cash account (no margin) and want to trade only 1 stock with all the funds in the account 3 times within a day. Like this:
1) Buy all (say $1000) of AAPL
2) Sell all ($1050) of AAPL
3) Buy all ($1050) of AAPL
4) Sell all ($980) of AAPL
5) Buy all ($980) of AAPL
6) Sell all ($1070) of AAPL
Questions:
1) Are these good faith violations (GFV)?
2) If they are, how many are they?
3) And how/when do the brokerages alert you?
4) What is the worst thing tat could happen if you do those trades within a day?
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