posted
If you buy $1000 worth of penny stock and sell it for $500. jk I wish i could just make $100 a day, but it seems to darn hard. goodluck
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it would hard fro someone new to make $500 a day. Youd have to learn day trading and be in it for about 2 years to really do it......my strategy is buy n hold good penny stocks and when they go, they go big.....like NDOL tomorrow and PLRS/ GBDX soon and SLJB.....
I play stocks for breaking events usually that brings in buy pressure.....
there are alot of ways to play, but making $500 a day steady is hard, but doable after gaining much experience
-------------------- GSUS - Eternal 100 Bagger! HCPC - my favorite potential into December
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If I may make a suggestion. I think you should aim to make at least $200 per day. Setting too high a dollar gain can make you over-extend yourself and end up in frustration bagholding stocks you never intended. This happens to many new traders. It happended to me when I started daytrading a few years back, but then after a couple of years I realized I shouldn't be looking for a double or 30% but a modest 10% to 15% gain per day.
That of course was working with a measly 2000 bucks in a margin account. At the end of the week that adds up to a hefty $700 to $1000 profit.
-------------------- Best Regards and Good Trading
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if you could make a 10% gain per day, that would mean you could have a 2000% gain per year... if anyone could to that, than now one would go to work...
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you really shouldn't set % or $$ goals per day because it affects your decisions when you are trading which is a bad thing because those numbers ($$ or %) will be at the back of your mind.. it clouds your judgement about whether you should stay in the trade or not... somedays you will make more and somedays you will make less.. don't go into a trade for that day saying to yourself.. i must make $500 I must make $500 when what you should be saying is I will limit my losses and protect my profits... I will limit my losses and protect my profits... that is all that really matters.. everything else % or $$ wise will take care of itself...
-------------------- Let the world change you... And you can change the world.
posted
The only way to make those gains everyday is if you have a day trading account ($25,000 MIN). A way around that though, is to have 2-3 margin accounts ($,2000 min) with different brokers. You don't have to wait for funds to settle, and you can make a few round trips with each broker.
You should get Microcaptrade if you don't already have it. Here's the link.............
Also follow aound a few real daytraders for a few weeks, to get a feel for what real traders do. A good trader is the MOD at BB Penny's Haven. Or there's also good trader's at Bill Panetta's chat Room at PalTalk. The Mod at BB Penny's Haven is I_like_BB_stock. And You would have to ask Bill Panetta about the Chat Room. Here are the 2 links.
Also I just noticed that Yahoo now has free real time quotes for Pre & After Market. You see the trades and change take place, in Real-Time.
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I seriously doubt it. It all depends on how much bread you're willing to throw in and what % gain you're looking for. I'll take any decent profit when I get it and jump ship quick if I don't. To make $500 each and every day would require big big money in play with consistent gains and little downturn. Do you think that's a likely scenario in today's market?...
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