girishgupta123:Is buying 2 shares of say GOOG and selling one share of GOOG during the same day considered a day trade ?
Yes!
Also, I did not have a margin account untill recently. Earlier, I day traded just 1 share of ORCL just to understand stop market, stop limit etc atleast 10 times in the same day.
I never got a flag for anything, is it because I didn't have a margin account then ?
May be you found a loophole. It does make perfect sense...the day trading rules are there to protect us against ourselves; however, if we are on a cash account (which require 3 business days for each trade transaction to settle), no day trading protection is needed.