100K trading account?

[OldTrader]

Quote from prc117f:


I figured if I stick to name brand stocks, trade only with money I have and if the stock is lower I just hold till the next day or so and sell when I can profit.

This is an example of a failed strategy. What happens when the day arrives that you hold the stock because it is lower, and then in the "next day or so", it is much lower?

You need a strategy that gets you in, with a definite point where you admit your trade did not work. Otherwise, you end up eventually holding all the stocks that were lower and did not come back in the "next day or so".

Do some study.

OldTrader

 

[vjay]

Go ahead and trade. Probably swing trading
would be better suited for you initially. Anyone who has built their account to a size
where you get $100,000 a year in dividends
must certainly have "a fucking clue " about the markets.
This forum can be entertaining.Sometimes
a newby comes here with 5 grand, maybe even has maxed credit cards to get the cash and he's given all kind of advice on how to swing the money,even to trading futures.
Here, you have an accredited investor,probably with investment funds in excess of 3 million that wants to play with one year's dividends and he gets a bunch of crap.
So, yes-go ahead and trade. Study some trading books . Gear your trading time frames to your personality.

 

[TraderZones]

You should start with these things in mind:

The belief is 95% of new traders lost their money

The best way to make a small fortune trading is to start with a small fortune.

You would be amazed how quickly you can piss away $100K

It would likely take you years to outperform a good buy and hold strategy.

It will take a long time to learn to trade.

Almost everyone who has a method that will "help" you to make money does not know what you are doing

 

[BullAlert]

Let's assume you are telling the truth. Let's also assume that your normal holdings that generate 100K per year in dividends are in very high-yielding stocks - say, 5% on average. That means that you have holdings of $2M.

Take the $100K account and play.

 

[lindq]

Quote from prc117f:


I figured if I stick to name brand stocks, trade only with money I have and if the stock is lower I just hold till the next day or so and sell when I can profit.

Never ceases to amaze me that guys like you think that trading is such a walk in the park.

Go out tomorrow and buy yourself a new 911.

A much better investment than your "strategy", and you'll have a lot more fun.

 

[flyingiguana]

Quote from prc117f:

I already have a margin account with etrade. I just do not want to use margin just what I have. the problem I have with leverage is that means for every 1 dollar down you are down 20 dollars. Sounds dangerous.

I figured if I stick to name brand stocks, trade only with money I have and if the stock is lower I just hold till the next day or so and sell when I can profit.

i'd suggest using the money for hookers. either the market will f you or the hooker, so you might as well get some enjoyment.

learn how to trade.

 

[epetrov]

Quote from flyingiguana:

i'd suggest using the money for hookers. either the market will f you or the hooker, so you might as well get some enjoyment.

learn how to trade.

 

[stonedinvestor]

I myself have exactly that amount roughly $100K at etrade I think it is the perfect amount allowing for six or seven ideas. My argument would be in picking well known names that's really boring. It reminds me of these idiots who come on tv and say they have some ideas Apple & RIMM! If it's going to be a fast money account by all means get fast with it! Go biotech and take a stab at a beaten down bank maybe begin buying a real down and out name you have confidence in... follow trends. Trend investing is most fun in these trading accounts if you believe in something- Gourmet Coffeee for example- find a play Green Mtn? Or If your kid just got light up sketchers sneakers and thinks he's the coolest 4 year old on the earth... maybe place a bet there... rockets going to space to launch GPS space junk GEOY undersea treasure chasers OMEX or of course the whole green tech space is ripe with young companies one VLNC is a battery maker I watch I haven't gone for it yet but it looks good XIDE is the bigger player in the space check out that chart.

Anyway I've given you some directions now you can help me. Since you are a dividend investor what do you think of ALKS? Alaskan telephone? I'm pisses at myself I brought this to the hedge fund that manages my account and their analysts gave me enough reasons not to buy I had seen a clear double bottom on the charts... well that baby yields 11% and has an undersea cable fiber story unfolding enabling them to bring cable tv and porno downloads finally to the Alaskan people. Also, if you would a REIT ISTAR I know not a inch about them but a soccer dad who runs a big family fund and who's father was famous in the biz dropped this name on me yesterday. Commercial real estate I believe. Thanks! ~ stoney

 

[IronFist]

Honestly if I had enough money that I was getting $100k in dividends in a year, I would just retire. No need to day trade or do anything else.

Maybe day trade a small account for fun if I got bored.

 

[epetrov]

Quote from IronFist:

Honestly if I had enough money that I was getting $100k in dividends in a year, I would just retire. No need to day trade or do anything else.

Maybe day trade a small account for fun if I got bored.

Trading must be an internal need very often.
Also trading may bring you dissatisfaction, not fun, too.