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?

its called "day trading"

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.

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... :Oh crap

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

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

Then you make up for it the next day :) It's about knowing when you quit.

Which is why you also short :)

hmmm

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

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

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

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.

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.

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