Trading the QQQQ

C

chomp chomp

Hi guys,
I am interested in finding out more about trading the QQQQ. I tried googling for the relevant details and still could not find some of the answers i need.


1)I understand that it is a ETF, so is this bound under the $25 k rule for day trading ? (Not that I plan to do this).

2) Is there a minimum bid size of say 100 shares?

3) If i buy say 10 shares, does it cost me 10x $41.397 = $413.97?

4) Then do i win / lose $10 for every dollar it drops assuming i buy 10 shares?

Thank you for your patience.

:)
 
Quote from chomp chomp:

Hi guys,
I am interested in finding out more about trading the QQQQ. I tried googling for the relevant details and still could not find some of the answers i need.


1)I understand that it is a ETF, so is this bound under the $25 k rule for day trading ? (Not that I plan to do this).
yes

2) Is there a minimum bid size of say 100 shares?
no you can buy 1 share

3) If i buy say 10 shares, does it cost me 10x $41.397 = $413.97?
yes

4) Then do i win / lose $10 for every dollar it drops assuming i buy 10 shares?
yes

Thank you for your patience.

:)
More...
 
QQQQ's are like stock - you buy 1 - you get 1 - but 10 get 10 - however, QQQQ's are optionable - buy 1 option - control 100 shares.

I don't buy stock, only options. I don't like watching grass grow.
 
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