The Final Frontier - Online Remote Trading Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dpl who wrote (2181)	1/6/1998 10:11:00 PM
From: ojai	Read Replies (2) of 12617

I agree- ALL- I've only been daytrading since sept. 97, and broke even for the first 2 mos. Since then, I have been clearing 5-6K a mo. on a 30k acct. margined 50%.(before taxes) I'm assuming that this is OK performance, given the sideways market recently. I've certainly made mistakes, but am confident that it is possible, even likely, to make 100%/yr. on my acct. I realize that it gets more complicated with larger amounts, depending on what stocks you choose to trade, but a larger account will also allow you to trade a couple thousand MSFT or DELL a day, taking advantage of the several point moves those stocks can make. Larger amounts appear to be a problem with smaller volume stocks, I assume you would have to scale in and out with small buys. But I'm not at that point yet (soon I hope!) On another note, I'm looking for TA to help with daytrades. I have been demoing IQSuite(www.iqc.com) but don't have enough experience with it yet. I am also considering First Alert, but haven't taken the jump yet. Any comments would be appreciated. Tim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next