Just open a trading account with $500 or 1K and play with it pretending it is fake money. On Mon, Apr 12, 2021 at 12:53 PM Steve Jones <[email protected]> wrote:
> 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 >> > -- > AF mailing list > [email protected] > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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