Making $5K with $20K each month

[PennyTrader]

YHOO's trading range: 28.20 to 28.4, not much room to play unless trade with a few K shares. Short-term might still favors long for upside break, 28.40 resistence is heavy.

http://charts.dacharts.com/2007-04-18/smallcaptrading_99.png

 

[formikatrading]

You go, PennyTrader! Keep on rockin'!

 

[StockyIrishman]

Man, PT,... those are the funkiest charts I've ever seen! Scottrade doesn't hold a candle to it.

 

[StockyIrishman]

Quote from PennyTrader:

Here is scan based on breakout (break the previoous resistences):

BORL - Borland Software Cp 5.71 3.82 2352500 historical 3m , 6m , 1y , 2y
JRCC - JAMES RIVER COAL CO 9.67 1.58 1128200 historical 3m , 6m , 1y , 2y
DITC - Ditech Networks 8.58 1.54 203000 historical 3m , 6m , 1y , 2y
TRBR - Trailer Bridge, Inc. 9.39 3.53 113200 historical 3m , 6m , 1y , 2y
CFW - CANO PETROLEUM INC 5.30 3.72 98400 historical 3m , 6m , 1y , 2y

PT, How do you not get raked over the coals with such low volume stocks? TRBR only trades 5000 shares daily avg!

 

[daytrademargin]

Quote from PennyTrader:

Done for the day, the goal is reached, made $998 from AQNT and CPSL before 10:00 AM.

Take the boys to school, have a good day everyone!

Attachement

Attachment: sw300.jpg

Posting .jpg images of your profit and losses means absolutely nothing. Everybody knows these images can be edited. You didn't show us the whole story. Only very naive people will believe you made 998.00 today. Show us your WHOLE trading recored instead of just your profit. Show us how many shares you traded, etc...I think your real profit was more like $8.00.

Here is your real profit. 8.00

And here is what you said you made.

The moral of the story is that ANYBODY can put ANYTHING in the profit box with a little bit of creativity and software. Simple.

Easier said that done. Now show us some real proof.

 

[tjmxxx]

With 25k you can trade 2000 shares of AAPL on margin. No need to trade anything else, just AAPL. If you cannot scalp .15 cents off of AAPL within fiteen minutes of the open, you really should not be trading. A twelve year old should be able to do this.

That's +300 a day on your 25k. Not only doable, but easy, assuming you can trade worth a damn.

 

[daytrademargin]

nothing. mistake

 

[StockyIrishman]

Quote from tjmxxx:

With 25k you can trade 2000 shares of AAPL on margin. No need to trade anything else, just AAPL. If you cannot scalp .15 cents off of AAPL within fiteen minutes of the open, you really should not be trading. A twelve year old should be able to do this.

That's +300 a day on your 25k. Not only doable, but easy, assuming you can trade worth a damn.

How do you trade 2000 shares of a $90+ stock with 25K + margin? Are you getting 4X margin? More like 500 shares.

Or is there a class B I don't know about.

 

[daytrademargin]

Quote from tjmxxx:

With 25k you can trade 2000 shares of AAPL on margin. No need to trade anything else, just AAPL. If you cannot scalp .15 cents off of AAPL within fiteen minutes of the open, you really should not be trading. A twelve year old should be able to do this.

That's +300 a day on your 25k. Not only doable, but easy, assuming you can trade worth a damn.

You can't trade 2000 shares of AAPL with 25K. AAPL is a 90.00 stock. You need 180,000.00 to trade 2000 shares of AAPL. Brokers only give 4 to 1 margin, which will give you 100K. As soon as your account goes below 25K, you are locked out from trading until you bring it back up to 25K.

 

[sbs17]

Quote from tjmxxx:

With 25k you can trade 2000 shares of AAPL on margin. No need to trade anything else, just AAPL. If you cannot scalp .15 cents off of AAPL within fiteen minutes of the open, you really should not be trading. A twelve year old should be able to do this.

That's +300 a day on your 25k. Not only doable, but easy, assuming you can trade worth a damn.

TJMXXX,

I'm curious, because I don't think I can do it. How would you scalp 15 cents off of aapl everyday?