I'll take a look at them all, HILL has been doing well...ASYT coming back
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Originally posted by BigWeinerI would stick with it, this market is retarded right now. What a game last nightGreat Day To Win
MLB 2008 (19-23-1) +3.0 units
NBA 08-09 (10-7) + 1.59 units
GOY (4-1)
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Originally posted by Shaun32Buy Dsti - Trading At 3.40. Excellent Solar Technology, Better Than Fslr And That Stock Is At 223 Per Share. Go For It And Remember You Heard It From Me. Give It 60 Days To Move Into 7-10 Dollar Range...hopefully More....
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Originally posted by Shaun32Buy Dsti - Trading At 3.40. Excellent Solar Technology, Better Than Fslr And That Stock Is At 223 Per Share. Go For It And Remember You Heard It From Me. Give It 60 Days To Move Into 7-10 Dollar Range...hopefully More....
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How much money would I need to start making trades and get in and get out quickly and make a quick lick? 10K? Also do they match that with a margin? I did this about 5 years ago with about 2K and when I sold something it took time to get the money back in my account...
Reason I ask is I kind of want to screw around with some money and jump in and out same day and really treat it more or less like gambling/extreme short term type of thing.
I was with Ameritrade and I lost most of that 2K and whatever I owned is probably worth nothing now.
I have long term investments that someone manages for me but again I just want something that I can kinda play around with myself but I know that with 2K I cant do anything.
Basically what happened is I would buy something for 1000 and then something else and then when I sold after a few hours I would have to wait a few days before the money was back in my account....any info would be great
PEACE
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I don't get why you have to wait for the money a few days. Once you sell the stock the money should be in there. It may have something to do with ameritrade. I would check with charles schwaab and scottstrade. If you have to wait days once you sale with them then you'll have to look for a place that deals in daytrading.
And I wouldn't advise trading on margin.
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Originally posted by BettorsChatI don't get why you have to wait for the money a few days. Once you sell the stock the money should be in there. It may have something to do with ameritrade. I would check with charles schwaab and scottstrade. If you have to wait days once you sale with them then you'll have to look for a place that deals in daytrading.
And I wouldn't advise trading on margin.
Day Trading
Day traders rapidly buy and sell stocks throughout the day in the hope that their stocks will continue climbing or falling in value for the seconds to minutes they own the stock, allowing them to lock in quick profits. Day trading is extremely risky and can result in substantial financial losses in a very short period of time. If you are a day trader, or are thinking about day trading, read our publication, Day Trading: Your Dollars at Risk. We also have warnings and tips about online trading and day trading.
Under the rules of NYSE and the Financial Industry Regulatory Authority (FINRA), customers who are deemed "pattern day traders" must have at least $25,000 in their accounts and can only trade in margin accounts. For more information, you can read FINRA's Notice to Members and the New York Stock Exchange's Information Memo.
The Connecticut Council on Problem Gambling has a quiz to help you decide if you are gambling in our markets and where to go for help.........this says I need 25K and can only trade in margins? Is this accurate?
PEACELast edited by MtrCtyPimp; 03-17-2008, 03:11 AM.
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Originally posted by MtrCtyPimpMaybe this was with Ameritrade only because thats all I dealt with and this was many years ago.....they keep sending me statements to my email and I cant log on because I forgot my # and PW and I dont even bother checking because if I remember correctly I got sick of the whole thing and I spent my last 500 or something on some penny stick worth less than a buck....Im gonna google up some info now on day trading and see what I can some up with and which online brokerage is best to deal with and has the cheapest trades
Day Trading
Day traders rapidly buy and sell stocks throughout the day in the hope that their stocks will continue climbing or falling in value for the seconds to minutes they own the stock, allowing them to lock in quick profits. Day trading is extremely risky and can result in substantial financial losses in a very short period of time. If you are a day trader, or are thinking about day trading, read our publication, Day Trading: Your Dollars at Risk. We also have warnings and tips about online trading and day trading.
Under the rules of NYSE and the Financial Industry Regulatory Authority (FINRA), customers who are deemed "pattern day traders" must have at least $25,000 in their accounts and can only trade in margin accounts. For more information, you can read FINRA's Notice to Members and the New York Stock Exchange's Information Memo.
The Connecticut Council on Problem Gambling has a quiz to help you decide if you are gambling in our markets and where to go for help.........this says I need 25K and can only trade in margins? Is this accurate?
PEACE
As for the $25k minimum it could be right. A long time ago I daytraded and I think the limit was set by the place you traded with. Now trading on margin only wasn't the case back then.
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Speaking of taxes I just got a notice from the IRS saying I owe like 1800 on a withdrawl I made from my IRA a few years ago of about 5K that I totally forgot about
Im gonna take it to my accountant in the morning and see how much I actually have to give them to get them to fuck off....dont wanna be fucking with them guys.....as far as the 25K thing goes if thats how it works then I am not even gonna hassle with it.....last thing I need is a new way to lose money
PEACE
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http://www.sec.gov/investor/online.shtml
Apparently they have changed things. I guess you can only swing trade with regular accounts.
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