A friend of mine was telling me about his success trading eminis, and I am interested in learning more about them. Are you familiar with eminis, and could you please recommend some place where I could find more info?
hey. you do stock trading? I tried to get into that last year, but it seemed that I had to put down a lot of cash first (which I didn't have, and I wasn't interested in 'getting' for something so unsure.
How'd you get into it (if I may)? Does it work out financially?
Thanks for stopping by! To answer your questions: * Yes - I do stock trading * Yes - to trade stock you do generally have to have a bit of cash to play with. To daytrade, the SEC requires that you have at least $25k in the account. You also have to be able to obtain margin. I swing trade a lot, and recommend starting out with at least that amount. There have been a lot of trades that I couldn't do because my cash was tied up in a bad trade. * To start beyond the obvious like having the cash and opening an account, I recommend that you do tons of research as to trading rules and strategies as well as paper trading for a while - or even seeing if you can get a practice account. * On to the $50,000 question - can you make money - yes - i still believe that one can but i requires a lot of luck, money, a strong stomach, and a fall back career. Trading is my passion, but I've been getting a bit frustrated with it over the past month or so, and a few other projects have been tugging me in different directions.
I do continue to make picks and trade, however, and invite you to follow. If you have any questions, please feel free to email me! Good luck!
I've all but abandoned the daytrading for now to concentrate on the swing trades. Here's how it works:
I noticed that stocks that report worse than expected earnings AND have a price drop that day, seem to signal the start of a price downtrend. Therefore, at the close of the day that a stock reports worse than expected earnings AND the stock dropped, I short, and look for at least $0.50. Im also willing to wait for it a few days.
5 comments:
A friend of mine was telling me about his success trading eminis, and I am interested in learning more about them.
Are you familiar with eminis, and could you please recommend some place where I could find more info?
Thanks very much.
David - i dont know much about them but will research and let you know!
Gutt Shabbos!
hey. you do stock trading? I tried to get into that last year, but it seemed that I had to put down a lot of cash first (which I didn't have, and I wasn't interested in 'getting' for something so unsure.
How'd you get into it (if I may)? Does it work out financially?
עבד
Thanks for stopping by! To answer your questions:
* Yes - I do stock trading
* Yes - to trade stock you do generally have to have a bit of cash to play with. To daytrade, the SEC requires that you have at least $25k in the account. You also have to be able to obtain margin. I swing trade a lot, and recommend starting out with at least that amount. There have been a lot of trades that I couldn't do because my cash was tied up in a bad trade.
* To start beyond the obvious like having the cash and opening an account, I recommend that you do tons of research as to trading rules and strategies as well as paper trading for a while - or even seeing if you can get a practice account.
* On to the $50,000 question - can you make money - yes - i still believe that one can but i requires a lot of luck, money, a strong stomach, and a fall back career. Trading is my passion, but I've been getting a bit frustrated with it over the past month or so, and a few other projects have been tugging me in different directions.
I do continue to make picks and trade, however, and invite you to follow. If you have any questions, please feel free to email me! Good luck!
oh, thank you!
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