any active traders here? - GoFuckYourself.com

pood · 01-10-2005, 07:35 PM

I was just thinking....

what if you bought a stock, held it just long enough to earn a profit...nothing huge

for instance...based on todays prices for Nissan

you buy it at the opening price of 21.52.

then held it till the end of the day at 21.77

if you invested with $10000...so thats 464 shares

then you sold it for $10101.3 - $30 costs = around $70 profit

say you have a couple of those. you held each stock just enough to earn a hundred or so dollars, you hold it till you earn a profit

has anyone done something like this? I'm not sure, but this is kind of like swing trading?

are there any laws that'll stop you from doing this?

Juicy D. Links · 01-10-2005, 07:37 PM

its called "day trading"

Top Jimmy · 01-10-2005, 07:37 PM

This is day trading. Volatility is your friend. Look for something that has large swings, and hope you catch them correctly.

You might want to read up on options. Much more leverage.

LasseKongos · 01-10-2005, 07:39 PM

daytrading? Offcourse you can do that but to live at daytrading you need much cash and also much knowledge about what your doing...

Stocks can go down to...

azguy · 01-10-2005, 07:39 PM

Most (I think all, actually) require $25K in your account to allow you to day trade. Some kind of odd SEC regulation

pood · 01-10-2005, 07:40 PM

Quote:

Originally Posted by Juicy D. Links

its called "day trading"

no, this actually isn't day trading

in day trading, you usually hold it for a very small interval

what I'm thinking is you wouldn't have to use a level 3. don't need to see every single trade...you're just looking for the increase at the end of the day

azguy · 01-10-2005, 07:40 PM

Quote:

Originally Posted by LasseKongos

daytrading? Offcourse you can do that but to live at daytrading you need much cash and also much knowledge about what your doing...

Stocks can go down to...

Then you make up for it the next day

It's about knowing when you quit.

Top Jimmy · 01-10-2005, 07:40 PM

Quote:

Originally Posted by LasseKongos

daytrading? Offcourse you can do that but to live at daytrading you need much cash and also much knowledge about what your doing...

Stocks can go down to...

Which is why you also short

pood · 01-10-2005, 07:41 PM

hmmm

actually, rethinking my post...lol this is actually kind of like day trading

Top Jimmy · 01-10-2005, 07:41 PM

Quote:

Originally Posted by pood

no, this actually isn't day trading

in day trading, you usually hold it for a very small interval

what I'm thinking is you wouldn't have to use a level 3. don't need to see every single trade...you're just looking for the increase at the end of the day

Holding it no more than a day? Day trading.

pood · 01-10-2005, 07:45 PM

Quote:

Originally Posted by Top Jimmy

Holding it no more than a day? Day trading.

well, actually, I was thinking hold the stock more than one day if needed if the stocks went down...holding it just enough for you to make a profit

Top Jimmy · 01-10-2005, 07:48 PM

I thought you said buy it early, and ride it till the close.

azguy · 01-10-2005, 07:51 PM

Looking back at the Lows/Highs of the day it's easy to think that you COULD HAVE made a profit had you traded that day

To some stocks I call day trade-friendly. These are stocks that have continuously gone up and down. One of them is MTSX. Seriously, no matter at what price I enter, I almost always trade with a profit. This stock has been REALLY good for me in the past year

It's a true jem.

aaron · 01-10-2005, 08:24 PM

Quote:

Originally Posted by azguy

Looking back at the Lows/Highs of the day it's easy to think that you COULD HAVE made a profit had you traded that day

To some stocks I call day trade-friendly. These are stocks that have continuously gone up and down. One of them is MTSX. Seriously, no matter at what price I enter, I almost always trade with a profit. This stock has been REALLY good for me in the past year

It's a true jem.

nice tip.

woj · 01-10-2005, 09:06 PM

If it was THAT easy, everyone would be doing it
you may get lucky here and there, but long term you will surely underperform the market....

Top Jimmy · 01-10-2005, 09:12 PM

Quote:

Originally Posted by woj

If it was THAT easy, everyone would be doing it
you may get lucky here and there, but long term you will surely underperform the market....

Chance favors the prepared mind.

azguy · 01-10-2005, 09:19 PM

Quote:

Originally Posted by woj

If it was THAT easy, everyone would be doing it
you may get lucky here and there, but long term you will surely underperform the market....

Oh man, not those lines again. It's easy to make money in this world. Period. Anyone who tells me otherwise is a fool.

01-10-2005, 07:35 PM	#1
pood Confirmed User Join Date: Feb 2004 Location: Seattle Posts: 1,609	any active stocktraders here? I was just thinking.... what if you bought a stock, held it just long enough to earn a profit...nothing huge for instance...based on todays prices for Nissan you buy it at the opening price of 21.52. then held it till the end of the day at 21.77 if you invested with $10000...so thats 464 shares then you sold it for $10101.3 - $30 costs = around $70 profit say you have a couple of those. you held each stock just enough to earn a hundred or so dollars, you hold it till you earn a profit has anyone done something like this? I'm not sure, but this is kind of like swing trading? are there any laws that'll stop you from doing this? Last edited by pood; 01-10-2005 at 07:36 PM..

01-10-2005, 07:37 PM	#3
Top Jimmy Confirmed User Join Date: Dec 2004 Location: Down your street Posts: 2,513	This is day trading. Volatility is your friend. Look for something that has large swings, and hope you catch them correctly. You might want to read up on options. Much more leverage. __________________ Don't reply. Let it die.

01-10-2005, 07:48 PM	#12
Top Jimmy Confirmed User Join Date: Dec 2004 Location: Down your street Posts: 2,513	I thought you said buy it early, and ride it till the close. __________________ Don't reply. Let it die.

01-10-2005, 09:06 PM	#15
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	If it was THAT easy, everyone would be doing it you may get lucky here and there, but long term you will surely underperform the market.... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

01-10-2005, 07:37 PM	#2
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	its called "day trading"

01-10-2005, 07:39 PM	#4
LasseKongos Confirmed User Join Date: Aug 2003 Posts: 4,668	daytrading? Offcourse you can do that but to live at daytrading you need much cash and also much knowledge about what your doing... Stocks can go down to...

01-10-2005, 07:39 PM	#5
azguy Confirmed User Join Date: Nov 2004 Location: Scottsdale, AZ Posts: 5,167	Most (I think all, actually) require $25K in your account to allow you to day trade. Some kind of odd SEC regulation

01-10-2005, 07:41 PM	#9
pood Confirmed User Join Date: Feb 2004 Location: Seattle Posts: 1,609	hmmm actually, rethinking my post...lol this is actually kind of like day trading

01-10-2005, 07:51 PM	#13
azguy Confirmed User Join Date: Nov 2004 Location: Scottsdale, AZ Posts: 5,167	Looking back at the Lows/Highs of the day it's easy to think that you COULD HAVE made a profit had you traded that day To some stocks I call day trade-friendly. These are stocks that have continuously gone up and down. One of them is MTSX. Seriously, no matter at what price I enter, I almost always trade with a profit. This stock has been REALLY good for me in the past year It's a true jem.