Selling and buying stocks?

Answers:0   |   LastUpdateAt:2012-11-06 06:42:46  

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This lady told me this about selling and buying stocks in the same day--she said: If you have less than $25,000 then you can only buy/sell (the same stock) 3 times in a 5 day period.
So during M-F let's say you buy/sell AAPL on Tuesday (day 1)....Buy/sell X on Thursday (day 1)....Buy sell CAT on the following Monday (day 1)....You have reached the 3 day trades in a 5 day period limit. can any one put that in better words or help me to understand what she is meaning?

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