thats what ive been using and reset it to 10k today.
On Mon, Apr 12, 2021 at 3:54 PM Tyson Burris <[email protected]> wrote: > No, you only need to maintain 25K if you are flagged as a day trader. > > As long as you buy one day and sell the next you cannot be flagged. > > If you bought and sold 4 times in one day you would be one away from a > flag that requires 25K. > > > > If you use Ameritrade you can download think or swim app and trade on the > fake 100K account and see how it does. This is a way to learn without risk. > > > > *Tyson Burris, President* > *Internet Communications Inc.* > *739 Commerce Dr.* > *Franklin, IN 46131* > > *Office #* *317-738-0320 * > *Cell/Direct #* *317-412-1540 * > *Online: **www.surfici.net* <http://www.surfici.net> > > > > [image: ICI] > > *What can ICI do for you?* > > > *Broadband Wireless - PtP/PtMP Solutions - Mesh Wifi/Hotzones - IP Cameras > - Fiber - Towers - Infrastructure.* > > *CONFIDENTIALITY NOTICE: This e-mail is intended for the* > *addressee shown. It contains information that is* > *confidential and protected from disclosure. Any review,* > *dissemination or use of this transmission or its contents by* > *unauthorized organizations or individuals is strictly* > *prohibited.* > > > > *From:* AF <[email protected]> *On Behalf Of * Steve Jones > *Sent:* Monday, April 12, 2021 4:10 PM > *To:* AnimalFarm Microwave Users Group <[email protected]> > *Subject:* Re: [AFMUG] OT: penny stocks > > > > So if you dont trade on margin, you still have to have a margin account > with 25000? The more im learning and reading the more I understand why > certain people believe there needs to be more regulation. The crazy amount > of risk, aside from just putting your money up, margin, short sale, etc. I > dont have any interest in doing much of that, in regular life I try to be a > cash guy (though economy and paycheck doesnt allow that) but I wouldnt ever > consider taking a load out to go to the casino. > > > > I see the risk aversion, I switched my paper account balance to the actual > amount id be willing to risk, and suddenly I wasnt as adventuresome, I > assume that would amplify when actual money goes in. I dont mind my risk on > the limited long term stocks, I think theyll perform well, Smith and Wesson > in particular. > > > > I have my paper account sitting at -1900 for the day with pending sells > for tomorrow that I think will hit the expectations at 9 tomorrow. Is that > considered day trading since part of the cash was from a purchase and sell > today? > > > > this webull place says i can day trade with 100 dollars, so if i was to > toy with that, its just math to extrapolate to real gains or losses? Im > just finding it hard to believe theres a way to get better than casino > winnings without committing a crime > > > > On Mon, Apr 12, 2021 at 2:55 PM Tyson Burris <[email protected]> wrote: > > Steve- > > > > I didn’t read the whole email chain so I maybe blowing smoke here. > > > > Margin is borrowed money based on a set value of a security. You cannot > Margin trade most penny stocks. > > > > Margin trading is high risk / high reward. You MUST be careful. A stock > that is traded on Margin and rapidly decreases its value you can cause you > to be in Margin CALL or even owe the broker if not careful. Buying Power > tends to be Margin. > > > > According to SEC regulations, a day trader is one who trades / flips five > or more times in a trading period. If you are flagged as a day trader you > must maintain 25K or more. Holding a security overnight and not bouncing > in and out of it prevents this from happening. I believe if your account > is flagged, you can wait 60-90 days and request the flag be removed. > (assuming you don’t day trade anymore) > > > > Those who don’t hold a stock for a year or longer will pay a much, much > larger capital gains tax then those who do. Short vs. Long term. > > > > Examples of pros and cons… > > I took a 30K+ loss many years ago when earnings came out and the stock > tanked. I had the stock purchased on Margin. Had I not, the loss would > have been so much less. I was forced into a Margin call and had to take > the large LOSS. This is an example of Margin trading that caused a large > loss. > > > > During Covid, I invested with Margin into a stock I knew would do well. > At the peak, 3 million was made. So this became a perfect case in which > Margin trading worked really to my benefit. I had to hold this stock for a > year or longer to reduce the capital gain tax. > > > > > > *Tyson Burris, President* > *Internet Communications Inc.* > *739 Commerce Dr.* > *Franklin, IN 46131* > > *Office #* *317-738-0320 * > *Cell/Direct #* *317-412-1540 * > *Online: **www.surfici.net* <http://www.surfici.net> > > > > [image: ICI] > > *What can ICI do for you?* > > > *Broadband Wireless - PtP/PtMP Solutions - Mesh Wifi/Hotzones - IP Cameras > - Fiber - Towers - Infrastructure.* > > *CONFIDENTIALITY NOTICE: This e-mail is intended for the* > *addressee shown. It contains information that is* > *confidential and protected from disclosure. Any review,* > *dissemination or use of this transmission or its contents by* > *unauthorized organizations or individuals is strictly* > *prohibited.* > > > > *From:* AF <[email protected]> *On Behalf Of *Steve Jones > *Sent:* Monday, April 12, 2021 1:02 PM > *To:* AnimalFarm Microwave Users Group <[email protected]> > *Subject:* Re: [AFMUG] OT: penny stocks > > > > 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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