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You won't be able to trade 2 times a day every day. If you daytrade 4 times within 5 days, you're considered a daytrader and need to put up at least $25,000.Sean Cassidy <scassidy@xxxxxxxxx> wrote:
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Actually IB has changed a little....if you do it through an ECN you can buy less than 100 shares now. I am not expecting this to generate a liveable income for now, just want to be able to trade maybe even 20 shares twice (I am aware of the daytrdaing rule) a day for a month to see what happens.....if that goes well, will look at minis again. Am also not sure if I should do options, ive never had much luck getting my price on them. I just want to see what happens if i try this method for 100 trades and see where I end up, if i go 0/20 that will still be less that $400 in losses. I already have a part time job that will support me on its own.
SMC
-------Original Message-------
From: realtraders@xxxxxxxxxxxxxxx
Date: Tuesday, October 14, 2003 20:07:27
To: realtraders@xxxxxxxxxxxxxxx
Subject: RE: [RT] Which Market????? Again
I’d like to echo Earl’s post, but if you’re dead set on trading with only 2K, check out QQQ and SMH.
These trade in increments of 100 shares, so at current prices you’ll either be flat, long 100 or short 100 – no scaling in/out.
If you trade through IB (Interactive Brokers) it will cost you $1.00 per side and you can get intraday data from them.
For trading stocks & ETF’s online I don’t think there’s a better broker on the planet.
If you don’t already have charting software & data, check out Sierra Chart (www.sierrachart.com) for charting and HQuotePro for data.
Good luck,
Jeff KingeryTo unsubscribe from this group, send an email to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
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