Recommendations for Stock Brokerage Company?

[bobdelt]

You dont need cash, just start shorting and hope you dont end up naked and lose everything.

 

[Specop 007]

Originally posted by: vi_edit

Originally posted by: Specop 007

Originally posted by: ajtyeh
ive traded one of my dad's account, i turned doubled his account, and im a junior in college as a finance major, and i want to start trading my savings, ive taken techinical analysis classes, fundamentals, and options. i was kinda swing trading with his account the past 6 months and have done really well, i guess i didnt realize i wasnt working with 50k, and i guess with 5k comission is now an issue when 50k wasnt.

Sounds like you might have a knack for trading. In that case, dont listen to the Stuffy Old Guy Club. Branch out and do your own thing. 4-5 trades a day is completely possible if you keep your head screwed on and pay attention.

Good luck!

I still think that he doesn't have enough leverage on the initial 5k investment to make it profitable in that short of a time. Not without going the option route or opening up a margin account. Long options aren't that risky, but the commissions + premiums can add up. Plus they could just expire worthless and you are out both of them.

Margin accounts open you up to a decent amount of risk plus if you use it for leverage you are facing margin interest (which is getting expensive with the current rates).

Can you do it? Yeh, anything can happen. Is it likely on that initial investment to support that many trades a day? Probably not.

That was just my post of support.
I was looking forward to the post a month from now "I lost it all!"

 

[Nerva]

yeah, seeing how often you are trading, you might as well as take that 5k, pile it up and light a match.

over-trading is one of the reasons that your average investor dont make money.

 

[Nerva]

ive traded one of my dad's account, i turned doubled his account, and im a junior in college as a finance major, and i want to start trading my savings, ive taken techinical analysis classes, fundamentals, and options. i was kinda swing trading with his account the past 6 months and have done really well, i guess i didnt realize i wasnt working with 50k, and i guess with 5k comission is now an issue when 50k wasnt.

yeah take behavioral finance, then you might realize your mistakes.

 

[ebaycj]

Terra Nova Trading, http://www.terranovatrading.com , FTW !!!!

 

[Miramonti]

Originally posted by: ebaycj
Terra Nova Trading, http://www.terranovatrading.com , FTW !!!!

:thumbsdown: