Do we have any "Day Traders" here?

SPC Michael Hunt — Mon, 24 Mar 2014 09:19:47 -0400

Trading stocks is a hobbie of mine, using play money of coarse... lol I have thought about doing it for real, just not ready to take that risk.

Response by SGT William B. made Mar 24 at 2014 9:23 AM

SGT William B. — Mon, 24 Mar 2014 09:23:02 -0400

It's completely different when it's the money you've shed sweat, blood, and tears for, instead of "play money."

The biggest thing to remember is to not get emotional, to set your own strict guidelines, and have the guts to stand by them when things go south. I screwed myself recently on a trust that I used to play; the share price usually jumps a week before the dividend payout, but it suddenly dropped substantially a couple weeks early. I panicked and sold off; had I waited and stuck by my guidelines, I would have seen that it would have risen again and I would have a profit. Live and learn, I guess.

Response by CW5 Private RallyPoint Member made Mar 25 at 2014 2:24 AM

CW5 Private RallyPoint Member — Tue, 25 Mar 2014 02:24:23 -0400

ERBB!

Response by SGT Kevin Lambert made Mar 26 at 2014 3:28 AM

SGT Kevin Lambert — Wed, 26 Mar 2014 03:28:06 -0400

Regarding lose out on money I'd say both of you can perform better by setting strict goals. Have an amount you intend to earn from an investments and pull out when you earn it and move on to the next investment. Regarding losses in the beginning set a reasonable amount you're willing to lose to chance making money and ignore the ups and downs unless you reach your set amount of loss

Response by PV2 Robert Rosenfeld made Mar 26 at 2014 9:57 AM

PV2 Robert Rosenfeld — Wed, 26 Mar 2014 09:57:41 -0400

As an out if work broker, I can tell you that all of the discount brokers (TD Ameritrade, E*Trade, Scottrade, etc) all have real-time trading platforms available to their clients. The main difference being the quality of the technology behind the platform and the level of knowledge of the customer service reps and quality of service provided. Another factor to consider is going to be the quality of the executions tht the broker provides. Are you orders sent to the market to be executed against the full liquidity of the market center when they are placed or are they held and bathe with other orders, which will definitely impact the quality of the execution.

Response by SPC Michael Hunt made Mar 26 at 2014 12:24 PM

SPC Michael Hunt — Wed, 26 Mar 2014 12:24:15 -0400

BYSD is popping again today up over 50% and climbing... stay tuned.