SI
SI
discoversearch

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 : SOES Trading
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Barney617 who wrote (1299)3/14/1998 3:12:00 PM
From: Dave O.  Read Replies (1) of 1618
 
< Initial capital is approximately $100,000.00 >

Do you plan to use margin? 100K is a decent amount.

< I am planning on cutting my losses (1/8 if possible) and letting profits run(3/8 or better) >

Make sure you do this. Easy to say but harder to do unless you can trade with discipline and not let emotions get in the way. There will be times when a stock starts moving against you so quick you won't be able to get out with just 1/8 loss.

< Does your broker actually deliver with "automatic" execution? >

On NASDAQ stocks I trade directly with MM's and ECN's so I see the executions almost instantaneously. For NYSE trades there is a slight time delay before getting confirmation.

< Is it really feasible to day trade from home? >

I believe so but I find it advantageous to be around others who may offer other trading ideas.

< Is $500.00 a realistic goal in the beginning? >

If you've not actively day traded before I'd suggest starting slowly and setting a lower target. You are expecting to make $500 per day (20 days/month x 12 months = 240 days) or $120K per year. That's a 120% return based on what you plan to start with. I'd suggest trading smaller number of shares than you might ultimately trade so that when you have a trade go against you, you don't get hurt too badly. Learn to feel the emotions of trading but don't put too much at risk initially.

Dave
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News