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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: jzn who wrote (763)7/6/1998 6:12:00 PM
From: Tim Luke  Respond to of 1729
 
If it was me and I only had 10K to trade with I would put it all in a margin account and day/position trade.

Example:

You could have bought ZAP at 15 ( $20,000 on margin would get you about 1,300 shares)close out you position at the end of the day with a $7800 profit.

New margin buying power ($34K)

Good Luck



To: jzn who wrote (763)7/6/1998 6:14:00 PM
From: Rick Faurot  Respond to of 1729
 
jzn-

I have heard Castle is offering level 2 for min $10 k now. You can make money with $10k. Just be very very careful.

Rick



To: jzn who wrote (763)7/7/1998 9:38:00 PM
From: R Stevens  Respond to of 1729
 
I would say that if you don't have capital that means you have not been buying and selling stocks before. If this is true, I would recommend starting out as a position trader day to day. This means you learn to be successful making longer term investments before you go for the hard core daytrading.

Read through this thread, read some books, open an account with Datek or Web Street, and try investing 100 shares at a time and get used to buying and selling stocks, trends, etc.



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