this is a nothing company that got a pancreatic cancer drug, so i guess its speculation. Probably wont see a whole lot with that much growth. But even the other ones a penny is a lot of percentage.
Im still trying to grasp how this actually works and you actually get the money On Mon, Apr 12, 2021 at 12:35 PM Mathew Howard <[email protected]> wrote: > 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 >> > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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