It works great, right until it doesn't. If it was that easy then we'd all be wolf of wallstreet.
On Fri, Apr 9, 2021 at 10:13 PM Steve Jones <[email protected]> wrote: > > 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 -- AF mailing list [email protected] http://af.afmug.com/mailman/listinfo/af_af.afmug.com
