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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: dpl who wrote (2181)	1/6/1998 10:07:00 PM
From: Richard Estes	Respond to of 12617

yes, 2000 shares sets you back $262,000 or $131,000 on margin in MSFT.

To: dpl who wrote (2181)	1/6/1998 10:11:00 PM
From: ojai	Read Replies (2) \| Respond to 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