Online Trading and Stock Market help day Feb 18, 2010
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Nice explanation goldenshots. I would add that a 25k account and 4:1 intraday bp you can take that 100k bp and buy 100k worth of xyz and sell it a minute later and repeat all day. So you could effectively trade over 1 mill dollars of equities in a day very easily. Actually a electronic direct access broker such as Lightspeed will require 27.5k to open a day trade margin account. This give the account a little wiggle room of 2500before it drops below the SEC required minimum balance of 25k.
I agree with @wisheye1….But just for a heads up, most brokers give you 4X intraday buying power (if you have no positions held overnight in that account)…So a person with a minimum of $25,000 has buying power of 100,000….
Use your imagination lol
It’s really not prudent to ask someone how much equity is in there account.
If you listen to the video and listen to how many shares he buys of either with Apple or Microsoft, it will give you kind of an idea. –In order to make money, most of the time you need money!
@andyatm2000 Thank you.. however I was wondering more ~ how much money you had traded with.
I think I traded about 70k shares give or take a few hundred
how much do you trade dude ? 1 mil
I meant to say strong pullback rather than a double dip
Hey I like your videos and I think they’re insightful.
If you guys appreciate technical analysis, look at to go in Goldcorp at $33. It is a very strong technical floor. There will be a double dip soon.
BTW (for the author), can I ask you how technical worked for you in the long term? Do you also use fundamental analysis?
Good video
You said you made $1,300 gross, $1,000 net.
How much did ya trade with?
Great videos, very informative! Like it when you talk about more swing stuff.
How do you search stocks for swing trading?
You said you went long on yahoo right after the powerful bull candle? I don’t get it. At what point did you take your position?
I meant bear candle