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re: Best website to day trade small amounts of money?
Posted on 1/19/14 at 6:30 pm to TheCaterpillar
Posted on 1/19/14 at 6:30 pm to TheCaterpillar
If you're talking real day-trading, it's impossible to make money on small amounts. These guys look for 1/8 or 1/4 point moves and get out. Commissions eat you up unless you trade really 5 figure money.
0
Posted on 1/20/14 at 12:35 am to TheCaterpillar
For a small swing trading account, check out WWW.tradeking.com
Posted on 1/22/14 at 8:06 am to dragginass
Trade Station is as low as .01 per share. What many consider to be day trading isn't defined as that by the SEC. Your online broker will keep track of trades that might make you a pattern day trader, as defined by the SEC.
I trade a lot. I was close one time to being defined as a PDT by the SEC. One time. And I probably make 1200 trades a year.
Anyway, there are low priced opportunities in equities. They are rare, and it does require work.
I've made a lot of money on both PAL and CAK. These are penny stocks, but they do have fundamentals. Most don't.
Trading the pump and dumps requires you to be able to get an order placed before the pump is completed, and selling before the dump takes it back down. I wouldn't recommend this.
I trade a lot. I was close one time to being defined as a PDT by the SEC. One time. And I probably make 1200 trades a year.
Anyway, there are low priced opportunities in equities. They are rare, and it does require work.
I've made a lot of money on both PAL and CAK. These are penny stocks, but they do have fundamentals. Most don't.
Trading the pump and dumps requires you to be able to get an order placed before the pump is completed, and selling before the dump takes it back down. I wouldn't recommend this.
Posted on 1/22/14 at 9:35 am to TheCaterpillar
quote:
Recommendations?
The gold gurus say $3,400 per ounce within two years.
Or you could by rubles. Russia, China and India are buying gold like crazy.
Disclaimer: The above information according to Paul Craig Roberts and Jim Sinclair.
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