RE:Newbie trading question.But when you sell for a gain you can trade as many times you want but the gains will be taxable immediately as a gain reportable the next year however when you sell for a loss to carry over that loss for the next taxable year that capital loss you must wait 30 days before repurchasing otherwise it will be called a superficial loss but you can buy and sell any time you want just remember capital gains is immediately taxable but losses can only be utilized after a 30 day repurchase rule. The CRA wants your profits right away but your losses as a benefit to offset your gains have to be actual for 30 days so traders don't take advantage of losses in a superficial manner