Yes the banks like to have your money on hand so they can use it to make money for themselves. Those subscriptions to Chortle Quarterly, and the mega-yachts they ride around on don't come cheap and certainly not with their own money. Also, it's getting harder and harder to find a good monocle maker these days.
On Mon, Apr 12, 2021 at 9:58 PM Robert <i...@avantwireless.com> wrote: > Trading can be worse than Gambling... If you are really good at > gambling... > https://www.cbsnews.com/news/sports-bettor-billy-walters-winning-streak-13-01-2011/4/ > > > On 4/12/21 1:10 PM, Steve Jones wrote: > > So if you dont trade on margin, you still have to have a margin account > with 25000? The more im learning and reading the more I understand why > certain people believe there needs to be more regulation. The crazy amount > of risk, aside from just putting your money up, margin, short sale, etc. I > dont have any interest in doing much of that, in regular life I try to be a > cash guy (though economy and paycheck doesnt allow that) but I wouldnt ever > consider taking a load out to go to the casino. > > I see the risk aversion, I switched my paper account balance to the actual > amount id be willing to risk, and suddenly I wasnt as adventuresome, I > assume that would amplify when actual money goes in. I dont mind my risk on > the limited long term stocks, I think theyll perform well, Smith and Wesson > in particular. > > I have my paper account sitting at -1900 for the day with pending sells > for tomorrow that I think will hit the expectations at 9 tomorrow. Is that > considered day trading since part of the cash was from a purchase and sell > today? > > this webull place says i can day trade with 100 dollars, so if i was to > toy with that, its just math to extrapolate to real gains or losses? Im > just finding it hard to believe theres a way to get better than casino > winnings without committing a crime > > On Mon, Apr 12, 2021 at 2:55 PM Tyson Burris <t...@franklinisp.net> wrote: > >> Steve- >> >> >> >> I didn’t read the whole email chain so I maybe blowing smoke here. >> >> >> >> Margin is borrowed money based on a set value of a security. You cannot >> Margin trade most penny stocks. >> >> >> >> Margin trading is high risk / high reward. You MUST be careful. A stock >> that is traded on Margin and rapidly decreases its value you can cause you >> to be in Margin CALL or even owe the broker if not careful. Buying Power >> tends to be Margin. >> >> >> >> According to SEC regulations, a day trader is one who trades / flips five >> or more times in a trading period. If you are flagged as a day trader you >> must maintain 25K or more. Holding a security overnight and not bouncing >> in and out of it prevents this from happening. I believe if your account >> is flagged, you can wait 60-90 days and request the flag be removed. >> (assuming you don’t day trade anymore) >> >> >> >> Those who don’t hold a stock for a year or longer will pay a much, much >> larger capital gains tax then those who do. Short vs. Long term. >> >> >> >> Examples of pros and cons… >> >> I took a 30K+ loss many years ago when earnings came out and the stock >> tanked. I had the stock purchased on Margin. Had I not, the loss would >> have been so much less. I was forced into a Margin call and had to take >> the large LOSS. This is an example of Margin trading that caused a large >> loss. >> >> >> >> During Covid, I invested with Margin into a stock I knew would do well. >> At the peak, 3 million was made. So this became a perfect case in which >> Margin trading worked really to my benefit. I had to hold this stock for a >> year or longer to reduce the capital gain tax. >> >> >> >> >> >> *Tyson Burris, President* >> *Internet Communications Inc.* >> *739 Commerce Dr.* >> *Franklin, IN 46131* >> >> *Office #* *317-738-0320 * >> *Cell/Direct #* *317-412-1540 * >> *Online: **www.surfici.net* <http://www.surfici.net> >> >> >> >> [image: ICI] >> >> *What can ICI do for you?* >> >> >> *Broadband Wireless - PtP/PtMP Solutions - Mesh Wifi/Hotzones - IP >> Cameras - Fiber - Towers - Infrastructure.* >> >> *CONFIDENTIALITY NOTICE: This e-mail is intended for the* >> *addressee shown. It contains information that is* >> *confidential and protected from disclosure. Any review,* >> *dissemination or use of this transmission or its contents by* >> *unauthorized organizations or individuals is strictly* >> *prohibited.* >> >> >> >> *From:* AF <af-boun...@af.afmug.com> *On Behalf Of * Steve Jones >> *Sent:* Monday, April 12, 2021 1:02 PM >> *To:* AnimalFarm Microwave Users Group <af@af.afmug.com> >> *Subject:* Re: [AFMUG] OT: penny stocks >> >> >> >> I just dont get it >> >> I reset my account to specific cash amount. I dont understand buying >> power, seems like credit. >> >> The one im toying with is RGBP, if someone can look and tell me what >> thinkorswim is letting me do that the real world wouldnt allow >> >> >> >> On Mon, Apr 12, 2021 at 11:47 AM Carl Peterson < >> cpeter...@portnetworks.com> wrote: >> >> It is also pretty easy to look like a genius when markets are going up an >> idiot on the way down. Markets have been going up and up and up for a long >> long time now. At some point that party will end. >> >> >> >> On Mon, Apr 12, 2021 at 11:44 AM Carl Peterson < >> cpeter...@portnetworks.com> wrote: >> >> What is often missing from play accounts is often liquidity. They >> generally assume you can make any trade at wherever the current "price" >> is. If you are trading VWAPY that might generally be true. Perhaps not >> for VWAGY. Often not when trending $rando penny stock. >> >> >> >> On Mon, Apr 12, 2021 at 11:12 AM Steve Jones <thatoneguyst...@gmail.com> >> wrote: >> >> im simply not grasping this >> >> on the paper trading site, ive made 7500 this morning on 10k i was >> playing with. thats 11,000 dollars in 2 days of playing around with >> essentially 10,000 up front. There has to be more to this. >> >> i see on my schwab account if i make more than 4 same day trades in a >> week i get flagged as a day trader and need to have 25,000 in my account or >> i get a margin call. I dont know what that means, im not buying on margin, >> it would be cash. >> >> >> >> assuming that I had actually had 10,000 in my real account, would I >> really have profited 11,000 in 2 days on 5 trades? (there was some math >> mistakes made, I made the same size purchase each time, forgetting that the >> increased price lowered the number of stocks i could get for 10k, but >> technically the sale would have put enough in to cover the difference) >> >> >> >> On Sat, Apr 10, 2021 at 4:08 PM Caleb Knauer <cknauer.li...@gmail.com> >> wrote: >> >> It works great, right until it doesn't. If it was that easy then we'd >> all be wolf of wallstreet. >> >> On Fri, Apr 9, 2021 at 10:13 PM Steve Jones <thatoneguyst...@gmail.com> >> wrote: >> > >> > So I've been dicking around with the market, trivial amount, 5 shares >> per stock. If I had put a lot in Tesco would have done me well. >> > >> > I have 100 shares of this penny stock, it's a gold backed >> cryptocurrency, I watch it bounce a lot throug the day and its followed the >> same trend for its couple months existence. >> > >> > So I set up a paper account and was dicking today with another penny >> stock. Set buy and sell limits with about 10,000 in the play money. It made >> 4k in 2 rounds. It's just a couple pennies it fluctuates but at 500,000 >> shares that adds up. >> > >> > I told the wife and of course she wants me to cash in something and >> play with real money. >> > >> > I'm more inclined to see how the play money performs, I have some >> limits on the crypto stock that we will see what happens on monday morning. >> > >> > I'm thinking to myself there has to be a catch. If it was that simple, >> everybody would be doing it. >> > >> > You guys who mess around probably went through a time where you tried >> that kind of trading, and none of you talk about it now, so I assume the >> catch is pretty straight forward. >> > >> > I was looking at my IRA, it's done pretty good at 17 percent. But just >> taking 10k of it and playing with this at 1 percent per trading day, that >> would be another 27k annually. >> > >> > I do see why day traders need low latency though, but with limits I >> dont see it has a lot of impact. >> > >> > What's to stop a guy from spending an hour or 2 every morning with a >> relatively small amount in the big scheme of things like 10k trading to 1 >> percent or better and then going to work? 100 bucks a day or more doesnt >> seem terrible for an hour. >> > >> > >> > -- >> > AF mailing list >> > AF@af.afmug.com >> > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> >> >> >> >> >> >> >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> >> -- >> AF mailing list >> AF@af.afmug.com >> http://af.afmug.com/mailman/listinfo/af_af.afmug.com >> > > > -- > AF mailing list > AF@af.afmug.com > http://af.afmug.com/mailman/listinfo/af_af.afmug.com >
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