I think that's probably just a matter of lucky timing. If you can make $10 in a day based on nothing more than a lucky guess, you can just as easily lose $10k in a day based on an unlucky guess.
The only major difference I can see with using real money is that when you're dealing with penny stocks, a relatively small trade could theoretically affect the price... fake trades obviously won't. On Mon, Apr 12, 2021 at 12:03 PM Steve Jones <[email protected]> wrote: > I just dont get it > I reset my account to specific cash amount. I dont understand buying > power, seems like credit. > The one im toying with is RGBP, if someone can look and tell me what > thinkorswim is letting me do that the real world wouldnt allow > > On Mon, Apr 12, 2021 at 11:47 AM Carl Peterson <[email protected]> > wrote: > >> It is also pretty easy to look like a genius when markets are going up an >> idiot on the way down. Markets have been going up and up and up for a long >> long time now. At some point that party will end. >> >> On Mon, Apr 12, 2021 at 11:44 AM Carl Peterson < >> [email protected]> wrote: >> >>> What is often missing from play accounts is often liquidity. They >>> generally assume you can make any trade at wherever the current "price" >>> is. If you are trading VWAPY that might generally be true. Perhaps not >>> for VWAGY. Often not when trending $rando penny stock. >>> >>> On Mon, Apr 12, 2021 at 11:12 AM Steve Jones <[email protected]> >>> wrote: >>> >>>> im simply not grasping this >>>> on the paper trading site, ive made 7500 this morning on 10k i was >>>> playing with. thats 11,000 dollars in 2 days of playing around with >>>> essentially 10,000 up front. There has to be more to this. >>>> i see on my schwab account if i make more than 4 same day trades in a >>>> week i get flagged as a day trader and need to have 25,000 in my account or >>>> i get a margin call. I dont know what that means, im not buying on margin, >>>> it would be cash. >>>> >>>> assuming that I had actually had 10,000 in my real account, would I >>>> really have profited 11,000 in 2 days on 5 trades? (there was some math >>>> mistakes made, I made the same size purchase each time, forgetting that the >>>> increased price lowered the number of stocks i could get for 10k, but >>>> technically the sale would have put enough in to cover the difference) >>>> >>>> On Sat, Apr 10, 2021 at 4:08 PM Caleb Knauer <[email protected]> >>>> wrote: >>>> >>>>> 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 >>>>> >>>> -- >>>> 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 >> > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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