posted
Ok so it appears Bomber is pumping LFWK >>> Must say he's got a point, i believe Loftworks is going to really move up next week ! IMO Do youre DD .... IPRE is a safe bet toooo!!! Have fun..
posted
When you see the "normal" stuff, the last price, Bid/ask, etc...that's Level I. Level II basically shows the MMs lined up on Bid/Ask, in order...look at some screens at lowtrades or quotetracker. The idea is helps determine bid support, how much a play might run, etc
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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If you have a cash only account as long as you money is settled there is not restriction on round trips not balance minimum in your account ..... You can daytrade all you want...
quote:Originally posted by undefined:
quote:Originally posted by MoMoMoney:
quote:Originally posted by Moneymaker46: So if you buy some shares at the end of say on Tuesday and then sale them Wednesday morning that doesnt count as a roundtrip??
The way i understand it is if you have less than 2000, you cant apply for a margins account. Therefore you must let your buys and sells settle for at least 3 days before you can sell your buys and buy another stock.
If you have 2000 in your account, you can apply for a margins account, which lets you buy and sell the same stock at most 3 times a week. Say I buy NDOL on the low on Tuesday and sell high on the same day. Say I do that again on Wednesday and Friday. If im right, that's legal for a $2000 margin account.
If however im a heavy day trader, who constantly buys and sells more than 6 times in 5 days, I would need 20 grand in my account for a day trader account.
am i right? can someone correct me?
I believe it is 3 round trips TOTAL, not per stock. So if you flipped NDOL twice in one week you could do one other roundtrip on anything, but no more.
Margin account and >25k is about the only way to do it. If you aren't comfortable with playing the penny's all the way, use the rest for more stable taxable investments (blue chips, mutual funds, you pick).
quote:Originally posted by Prdponce: If you have a cash only account as long as you money is settled there is not restriction on round trips not balance minimum in your account ..... You can daytrade all you want...
[QUOTE]Originally posted by undefined: [qb]
I have one account that is a cash account (lowtrades) and sometimes daytrade it. I think this week I have done 8 or 9 trades. As long as I use settled funds I think I am ok. No flag yet. You can do the same with a margain account as long as you use settled funds.
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posted
Same here... With margin you will need to have and maitain the $25 K...
quote:Originally posted by greenman:
quote:Originally posted by Prdponce: If you have a cash only account as long as you money is settled there is not restriction on round trips not balance minimum in your account ..... You can daytrade all you want...
[QUOTE]Originally posted by undefined: [qb]
I have one account that is a cash account (lowtrades) and sometimes daytrade it. I think this week I have done 8 or 9 trades. As long as I use settled funds I think I am ok. No flag yet. You can do the same with a margain account as long as you use settled funds.
posted
ROFL... If that poor guy just followed my advice (first reply of this thread) he would already get +30%. What a shame to some of you, especially the one who whishes to give lessons... that one should for sure go back to school. Good run CBAY.
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