Trading with no money.....what?
yes, that's right, and heres how it works:
1. Someone, lets call him "john" calls me up and says "I wanna buy x # of shares of xyz)
2. I buy his shares at market price unless otherwise stated using MY money
3. I hold for a fixed length of time (lets say 3 months max).
4 When it comes time to sell either by john calling and wanting to exit his position or time on the trade has expired, I sell at market or a specific price.
5. Now say john wanted to buy 1200 shares of rimm @ 151 and sold at 154.20 .. he made 3,840 , and I get 20% (768.00). If he lost, he ows me the full amt of the loss, plus 20%.
6. Just like a broker I make $ either way, and john gets what he wants because he doesnt have to put any money down, but he'll pay out the ass for any losses
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7. Bets cannot be larger than their home value.
cm
yes, that's right, and heres how it works:
1. Someone, lets call him "john" calls me up and says "I wanna buy x # of shares of xyz)
2. I buy his shares at market price unless otherwise stated using MY money
3. I hold for a fixed length of time (lets say 3 months max).
4 When it comes time to sell either by john calling and wanting to exit his position or time on the trade has expired, I sell at market or a specific price.
5. Now say john wanted to buy 1200 shares of rimm @ 151 and sold at 154.20 .. he made 3,840 , and I get 20% (768.00). If he lost, he ows me the full amt of the loss, plus 20%.
6. Just like a broker I make $ either way, and john gets what he wants because he doesnt have to put any money down, but he'll pay out the ass for any losses
.7. Bets cannot be larger than their home value.
cm
