Time to get back to Stock Market!

Well, I was curious since you stated you planned to make 2-4% of your capital daily. Hard to do and make $500 daily if you don't have a large amount invested. Its a nice goal, but tough to do without having all your eggs in one basket.

 

Agree, thats why i am heading to play futures along with my stock trading specially when you know that the best time trading futures is anytime between 11-12pm which is the time to take a break from stocks usually.

 

To be honest, earning 2-4% a day consistantly is nearly impossible. You'd be one of the richest people in the world.
I'm an independent financial analyst and I have yet to meet a person on Wall Street who's pulled anything like that off.
A consistant 2-4% return can only be accomplished by a small-time trader.
Good luck with it though Guru, I'd like to see you become a legend.

 

You said it ReadyToGo, no one can achieve the 2-4% a day in a consistent way but lets say it this way:

- aim is to achieve the 2-4% per day right, so in a successful day you would gain the average which is 3% (3 trades 1% each) thats definitely feasible

- in a lousy day i lose (2 out of 3) or (3 out of 4) thats 2% out of 3% my average... its 1% left.


in figures:
- Successful Day: i traded 3 stocks with 3 winners (3%) my average stock price is around $30-$40, lets take $35 average price with 1000 share for each trade that makes the profit around $1000 deducting the commission.

- Lousy Day: trading same number of stocks with 2% loss, thats $700

Based on my history: Trading week results will bring me 4 successful trades and one lousy. some weeks i go like 3 winners, 2 losers .

so in average its like $2500-$3500 / week . thats $10-$15 K /month
which is in all cases better than what i make in online business.

anyway its very hard to achieve such numbers, i know i'm saying it like piece of cake but its really hard to achieve and require dedication, hard work, and LUCK.

thats my aim with higher capital, hope things will go in the green way

 

I think the next few months could witness a reversal of the rise in markets that we have witnessed in the last few months. With the dollar weakening by the day, there are serious worries that American economy is weakening significantly. Although, January, February are traditionally very strong months for the markets, this year could be very different. I think we are in for a semi- bear market, some would say a correction, but it could be more.

 

Yes, I believe that the market is overbought at this point as well.

 

What are some easy to setup brokers that are good for many small transactions?

 

Ameritrade.com is an excellent choice. I have used them previously before like 2 years, they were great.
you need minimum $2k to open a new account.

If you are looking for direct access brokerage i advise http://www.aimdaytrader.com/ i used them before and they are fine.

another choice would be : SpeedTrader.com but i don't have experience with them.

cheers

 

It depends on the size of your transactions and the share price. A lot of brokers will eat you alive if the share price is under $2.00. www.tradeking.com is a good discount broker. I also use www.scottrade.com

 

Thanks for mentioning scottrade.com they are one of the best.