posted
Anyone crazy enough to trade penny and pink sheets only as their main job.
I was thinking $25k margin account warrants you unlimited day trades.
Now lets say I put $4500 into a penny thats running, and I sell for like a 5% gain, and I do this with maybe 3 stocks a day minus commissions and make about $1200. Now lets say $1200x4=$4800 and $4800x4= 19200 and 19200x12=230,400. Take a couple days off for vacations and so on, and lets say you come out with $175-$200k anyone do this?
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
so you're oging to trade 3 stocks a day for 365 days a year and get 5% on all of them everyday? easier said than done...
Posts: 610 | Registered: Dec 2004
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I do it for mad money. I do not have the nuts to lay it all on the line. The problem with playing with that much money it's hard to get out of most stocks. You might have $5,000 but it would be hard to exit at one time. I try to make 20% investing $500 to $1,000 on a stock.I did this 4 times the last 2 weeks. I lost on one stock. Made $600. If you were laying down a lot the huge spreads between the bid/ask also kill you.
-------------------- Amazing how much time we spend looking for the truth but never spend the time to get to the point. Posts: 1164 | From: KANSAS CITY | Registered: Aug 2003
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Don't forget the tax man also!!!!!!!!!! I have a nice little bill this year.
-------------------- Amazing how much time we spend looking for the truth but never spend the time to get to the point. Posts: 1164 | From: KANSAS CITY | Registered: Aug 2003
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posted
I was wondering about that. How exactly do taxes in the stock market work? Could you tell me or direct me somewhere that can tell me
Posts: 84 | From: austin texas united states | Registered: Jan 2005
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