So I've been dicking around with the market, trivial amount, 5 shares per stock. If I had put a lot in Tesco would have done me well.
I have 100 shares of this penny stock, it's a gold backed cryptocurrency, I watch it bounce a lot throug the day and its followed the same trend for its couple months existence. So I set up a paper account and was dicking today with another penny stock. Set buy and sell limits with about 10,000 in the play money. It made 4k in 2 rounds. It's just a couple pennies it fluctuates but at 500,000 shares that adds up. I told the wife and of course she wants me to cash in something and play with real money. I'm more inclined to see how the play money performs, I have some limits on the crypto stock that we will see what happens on monday morning. I'm thinking to myself there has to be a catch. If it was that simple, everybody would be doing it. You guys who mess around probably went through a time where you tried that kind of trading, and none of you talk about it now, so I assume the catch is pretty straight forward. I was looking at my IRA, it's done pretty good at 17 percent. But just taking 10k of it and playing with this at 1 percent per trading day, that would be another 27k annually. I do see why day traders need low latency though, but with limits I dont see it has a lot of impact. What's to stop a guy from spending an hour or 2 every morning with a relatively small amount in the big scheme of things like 10k trading to 1 percent or better and then going to work? 100 bucks a day or more doesnt seem terrible for an hour.
-- AF mailing list [email protected] http://af.afmug.com/mailman/listinfo/af_af.afmug.com
