posted
I have been trading for about a year now, but I do that in addition to my day job.
Is there anybody here that trades full time? It seems like some of the guys are here most of the time (Yes Repo, I'm talking about you). Any tips on what amounts you play with and how long have you been doing it.
posted
well im trading for a living... until school starts up again next month
People here who trade for a living aim for about 10% gains on a trade. So if they risk a thousand a trade thats 100 profit. Do that 10 times a week and its 1000 a week which an average person can live off of
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posted
If you wanna make a living you have to trade the Big Boards. You can get in and out with larger amounts of money, quicker than penny stocks....
My best plays are off of Big Pre-Market News and AF news. The usually continue the next day especially FDA or Military news. The best site for PM and AH news is....
posted
I highly doubt that there's anyone here that makes a living off of trading. This is for the most part a penny stock board and you wont make a living off of trading pennies.
It might be possible to make a living from stock trading if you have a huge bankroll to start with and play reputable stocks, NYSE, NASDAQ, and an occasional venture into the AMEX.
On the other hand, it's fairly easy to at least supplement your income by identifying stocks that trade in a tight range. You don't need much to start with and these types of stocks can be found with any screening program. Buy when they're near the low end of their range and sell near their high. Barring any devastating news, it's a simple strategy and it can pay off over and over again.
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posted
Well, As I mentioned I have only done this for a short period of time, but I have done quite well, starting it with only 6 grant in my Roth IRA. Now I have about 18 Grand I am playing with. Again, its my IRA so I cant pull any profits out of it, but in the same time the government cant take any taxes out of it.
I was thinking If I can make on average 1 grand a month from 6 grand, what would happen if I had 100 K to play with.
I also try to be a realist that the market has been *****in in the last year (well the last three years for what's worth). I dont want to get ahead of myself thinking that I can pull this on a bear market.
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posted
you could pull this off in a bear market if you could go short on penny stocks but since you can't ... it is all the more reason why you should trade big board stocks where you can go short on them... if you have a margin account etc.. etc...
-------------------- Let the world change you... And you can change the world.
posted
It all depends on how much you invest, what rate of return you expect, and how much you wanna earn in a month. For example, if you wanna make five-grand a month with five grand in play you gotta earn 100% on your returns day in/day out. I hate to say it but that ain't gonna happen. Especially not in today's market. If you start with $50k you can make the same five-grand with only a 10% gain per month. In today's market that's still a tough row to hoe. If you have $100k in play you can earn the same $5k with a 5% return - much more likely. Like they say, it takes money to make money.
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posted
When you dive in with $40,000 worth......your showing you butt with a candle lit behind it.....one FART and your BURNT. I lost $15,995 in 1 week. Happens to all of us but in the same point......I could of made that if I could of shorted it. Its hard to live off stock trades if you don't have money.
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posted
you lost 30% of your portfolio money in one week? What did you lose it on?
If you have 25k, and play short term penny stock plays, it means you have maybe 5k a day to trade with, 5% gain a day would be $250, which is reasonable if you have some sort of news streamer, so trading for a living certainty is possible with a sizeable amount of money is start out with.
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