Any Guys Trade Stocks On A Regulator Basis??

[jjgold]

?? I wish I could but you need too much money, well at least 5k I would think to start. I guess you can trade options with smaller amounts but that is more for the advanced player.

[big joe 1212]

You wont find many on SBR. Too many of us gamble too much to invest cash!

[Terrapin Station]

I used to, made my money and got out about 5 years ago. Unless you really know what you're doing, I would stay the fvck out of the markets. Too many people know more than the average person.

[flyingillini]

Yes, I have my main account with Merrill Lynch and I also have my " Mess around" account with Ameritrade. I enjoy it much more than sports betting.

[20Four7]

Yes why JJ?

[flyingillini]

?? I wish I could but you need too much money, well at least 5k I would think to start. I guess you can trade options with smaller amounts but that is more for the advanced player.

5k is really not even worth your time.

[Brock Landers]

I used to be a commodity broker JJ, so i've gotten people into that, grain options, you wouldn't believe the cash there is there.

My dream in college was to be a pit trader at the CBOT, but you more or less had to know someone to be able to get a seat, or have the 125K to buy your own, or maybe even more, can't remember. Anyway, the broker life ended pretty quick, fresh out of college and too hungry to work on commission, so i went back to school for computer programming, which is what i do today.

[JohnAnthony]

I do JJ. I went from being a day-trader in 2008 to a swing-trader nowadays. Sports-betting kinda got my attention and I now trade only my strongest picks (just like I need to do with sports!). JJ I bought ANX at 0.13...one of my biggest winners, I believe it's gonna hit $1 eventually...1000% profit.

Just like in sports, gotta have some balls (LOOK WHO'S TALKING) - let your winners run and cut your losses quick.

JJ, $5k is nothing - but if you do plan to start with a smilliar amount - I'd suggest the highly volatile penny stocks - lots of manipulations...100's of % in price changes a day, you just have to be on the right side of the market. Bull or Bear JJ, bull or bear.

[flyingillini]

It's what I told him Johnny, I wouldn't even waste my time dealing with it if you are talking about 5k.

[H-BOMB]

I trade stocks but not everyday. If you want a good stock look at ALY. Bought that over 6 months ago at 2.65 now at 4.37

[flyingillini]

I paid for my new Car all from my gains in Rimm.

[Dunder]

I trade currencies. Invest in stocks.

[anthonydiamondLC]

JJ, I'm training with a brokerage in NY should be taking m series 7 and other complimentary tests soon so that I can legally start pitching stocks and opening up accounts. Since I've started doing this and have begun following the market it is so much more satisfying then betting sports. I enjoy just coming home now and putting on a game I don't have money on. Such a better way to enjoy sports.

[Boner_18]

Yeah gonna need 25k to day trade (no holding overnight) and 100k to swing/short term. Its pretty straight forward but is a lot more work than most think.

[JohnAnthony]

It's what I told him Johnny, I wouldn't even waste my time dealing with it if you are talking about 5k.

Yep. It's even harder to trade with less than $25K today because of the PDT rule. No more than 3 daytrade A WEEK for people with $25K in their account. That's a BIG limitations if you're into daytrading and technical trading.

[pavyracer]

What's a regulator basis?

[flyingillini]

Yep. It's even harder to trade with less than $25K today because of the PDT rule. No more than 3 daytrade A WEEK for people with $25K in their account. That's a BIG limitations if you're into daytrading and technical trading.

You are correct and completely agree.

[JohnAnthony]

I paid for my new Car all from my gains in Rimm.

Believe it or not, but RIMM was the very first stock I trader, for a loss of $79. Man, I was so excited when I hit the order. A bit less after closing the position 45 minutes later.

Illini you're a trader or investor?

[flyingillini]

Believe it or not, but RIMM was the very first stock I trader, for a loss of $79. Man, I was so excited when I hit the order. A bit less after closing the position 45 minutes later.

Illini you're a trader or investor?

Invest, I have my Ameritrade account which I mess around with and I make all my own decisions. Then I have my Merrill Lynch account which is a serious one and I let a Pro handle it. I have income coming in from my ML account which is needed. I am in no way shape or form a pro but I enjoy playing with it. I made a killing with Rimm over time.

[tltaylor89]

Its hard work baby.

[G's pks]

Used to day trade JJ...takes alot of dedication...

[tltaylor89]

Used to day trade JJ...takes alot of dedication...

Especially with gold you can get up and use the bathroom it moves so much

[durito]

Sports is much easier.

[JohnAnthony]

Invest, I have my Ameritrade account which I mess around with and I make all my own decisions. Then I have my Merrill Lynch account which is a serious one and I let a Pro handle it. I have income coming in from my ML account which is needed. I am in no way shape or form a pro but I enjoy playing with it. I made a killing with Rimm over time.

I don't like long-term investments. I mean defintiley not in the current market, but I don't think I ever will become a long-term investor.

People, and especially "Pros" like the one you mentioned have short-memory and a big appetite for a quick buck. That's why I think the market, as it gets more and more virtual - will move in circles, up and down, like the people in the bus.

This very pro you talked about is part of the reasons why the markets collapsed. The other parts is people like me and you not caring enough of about personal-finance and just thinking somebody is gonna do their work for them.

I find it much better being a swing/day-trader, not "getting married" to any stock or CEO, and go to sleep knowing that I won't lose my pants if some asshole decides to die from a heart-attack the next morning. I don't care about the company or the product, I only look at the numbers and technical indicators.

Hype, rumors and bold statements move our current market. We build air and make a bigger bubble every-time, but you only need a small toothpick to blow a bubble no matter how big it is.

With Obama though, the Obama bubble is going to be so big, so massive - I'm afraid this guy is driving the United States of A into the toughest and deepest hole this country will have to climb out of, if ever.

I'm an economics-fanatic and could go on forever about topics I'm passionate about, but I figure we're gamblers here so I'll stop now.

[flyingillini]

I don't like long-term investments. I mean defintiley not in the current market, but I don't think I ever will become a long-term investor.

People, and especially "Pros" like the one you mentioned have short-memory and a big appetite for a quick buck. That's why I think the market, as it gets more and more virtual - will move in circles, up and down, like the people in the bus.

This very pro you talked about is part of the reasons why the markets collapsed. The other parts is people like me and you not caring enough of about personal-finance and just thinking somebody is gonna do their work for them.

I find it much better being a swing/day-trader, not "getting married" to any stock or CEO, and go to sleep knowing that I won't lose my pants if some asshole decides to die from a heart-attack the next morning. I don't care about the company or the product, I only look at the numbers and technical indicators.

Hype, rumors and bold statements move our current market. We build air and make a bigger bubble every-time, but you only need a small toothpick to blow a bubble no matter how big it is.

With Obama though, the Obama bubble is going to be so big, so massive - I'm afraid this guy is driving the United States of A into the toughest and deepest hole this country will have to climb out of, if ever.

I'm an economics-fanatic and could go on forever about topics I'm passionate about, but I figure we're gamblers here so I'll stop now.

I have complete trust with my Financial advisor, it is my Brother. He is fully authorized to make decisions and do what he feels best for me. He has made my life a luxury which means everything to me. Everyone looks at it differently, at the end of the day, as long as it is legal, I want and need to have a secure financial life and future.

[JohnAnthony]

I have complete trust with my Financial advisor, it is my Brother. He is fully authorized to make decisions and do what he feels best for me. He has made my life a luxury which means everything to me. Everyone looks at it differently, at the end of the day, as long as it is legal, I want and need to have a secure financial life and future.

Illini, completely different story then. I wouldn't expect the biggest pro in the world to do his job for me like my brother would.

financial-security is fake אחי, it worked for them guys during the industrial revolution, it's a pity we're still holding to it until these very days.

I hope you and your family continue to prosper buddy.

[SBR_John]

JJ, I'm training with a brokerage in NY should be taking m series 7 and other complimentary tests soon so that I can legally start pitching stocks and opening up accounts. Since I've started doing this and have begun following the market it is so much more satisfying then betting sports. I enjoy just coming home now and putting on a game I don't have money on. Such a better way to enjoy sports.

Good luck! I was set to take the series 7 and 4 once upon a time. There is a ton of money very soft money in bonds.

[dmtrader]

I have complete trust with my Financial advisor, it is my Brother. He is fully authorized to make decisions and do what he feels best for me.

Normally it's not a good idea to have family or friend manage your money. I'm glad its working out for you.

[flyingillini]

Normally it's not a good idea to have family or friend manage your money. I'm glad its working out for you.

I agree, for instance, either of my sister's wouldn't even get a loan from me if they asked. There are only two people in this entire world I trust with my finances 110%, my Brother and Father. Neither of them are hurting and my Brother has gotten me in the place I am today.

[jjgold]

Some great responses here, the insiders and pros take the money from all the squares in the market. They best way to win is inside info or just buy and hold Dow stocks long term. It is like sports even if you get hot they will take it all eventually. It is much more accepted that sports betting and much more fun but you need cash.

[capitalist pig]

IMO, you need a minimum of a 100k to be a serious trader, if not you very limited to what you can trade. Ive gone to several different trading seminars over the years, and all of them will tell you a 100k is the minimum to start with. Some of the best stocks worth trading are up in the $100 a share range. I dont trade daily, but make several trades per month and always trade in amounts of 1000-10,000 shares per trade.

later