Actually I tried a trade that way already. I bought 200 long in the long account at 133. As soon as it filled I placed a limit order to sell at 134. When the sell filled in about 5 minutes, I placed a buy of 100 at 133, which also filled just before the close. So Monday I have some long shares and some short to trade if we have a gap up or down.
Sarmad, I am quite excited coz that's exactly what I have been doing. It's really easy to make $500 a day, at will, at your own convenience, with Amzn. Provided that you have the right tools, namely the size of portfolio, familiarity with the stock, and discipline. I sometimes "understated" the # of shares and frequencies I traded, because I do not want to give the "appearance" of how easy and interesting and fun it is.
Anyway, my Amzn recap:
Open balance: 350L/300S
Sold 150 shares at open, but was executed @ $134 1/8,
bought 100 shares at 129
Bought 100 shares at 131
sold 150 shares at 134 3/4
bought 75 shares at 133 5/8
ending balance, 325L/300S, and one put obligation.
I realized $1,200 yesterday, and net $1,100 today. I pay $15 per trade. |
