[BlueStriker]

Just read through it all, and it seems starting very early on has done you well, I will most likely sit on the virtual side until I have the confidence and knowledge to invest with my parents consent. Sounds interesting :)

[CPAIlluminati]

You guys should all join this. The host knows so much about stocks and everything. You guys will make lots of money. To hell with CPA and PPD don't waste your money doing that. Rather do legit business and invest in the market. This is the real world come on now.

This group is amazing!

[qbug]

Absolutely love your guide Enronitis

Thank you so much for all your information... I am really thinking about getting into all this investing business now that my work season has slowed down... got alot more time on my hands

What are your thoughts about investing in BTC?

Iv'e invested £750 into BTC

Might look into stocks now and use about £1000

[Enronitis]

Absolutely love your guide Enronitis

Thank you so much for all your information... I am really thinking about getting into all this investing business now that my work season has slowed down... got alot more time on my hands

What are your thoughts about investing in BTC?

Iv'e invested £750 into BTC

Might look into stocks now and use about £1000

Meh.
I like the idea of BTC; it's a lovely thing and I've used it quite a number of times myself.
AS for using it as an investment in itself, I'm not as comfortable as unlike in the stock world where you can guesstimate or workout how a stock will play out BTC is completely and utterly random for the most part. It will do what it wants to do.

[qbug]

Yeah it is quite random... but it's quite low now... can't see it staying low much longer... there arnt many BTC in the world... compared to the people that use them... waiting for a rise... hoping to sell at £400 minimum, bought at like 330 or something

[Dr. Gonzo]

Good god, this is alot of information!!! And its still not done? So HQ, I'm pissing myself

[Enronitis]

Good god, this is alot of information!!! And its still not done? So HQ, I'm pissing myself

I've honestly been horribly slackin.
I keep promising to finish this and never am able to get around too it.
Will do asap; my apologies to everyone.

[davidislost]

This is a really great thread, really well written, and easy to follow. I like the personal touches you added, too. Helps a lot!

I've been bumbling about with stock simulators for the past year, turned $88,000 into $156,000 on twitter alone. I also learned some hard truths about keeping all your eggs in one basket. They DO implode, and it can be tragic. One afternoon, twitter dropped -24% - fak. That's almost a quarter!

Today, I started on plus500 demo - would highly recommend!

[Enronitis]

Bumping this as users in this section are creating threads for questions answered and/discussed here.

[t224]

thanks for the info. Im really want to learn and I am really interested about this. lets write there more info if anybody can add really good info

[Stusders]

I'm confused as to how you managed to day trade with only $15K...

[Enronitis]

I'm confused as to how you managed to day trade with only $15K...

What do you mean?
$15,000 is plenty to day-trade with, $8 fee both ways, make $100, sell, rinse, repeat.
You don't need a shitton of money to day-trade, $15,000 is more than enough. I was/am mostly trading smaller stocks ranging anywhere from $1-$5 and selling off after making a minute amount of profit.

Edit:

Upon re-reading your question I realize you're probably referring to the formal rules for official "day-trading", being FINRA requires you to have $25,000 in any margin account to execute however many trades per day.
I was trading with $15,000 but an account worth of $30,000 for this very reason through Merrill Lynch, as they do include your account balances from your Bank of America accounts.

[.Dmo]

What do you mean?
$15,000 is plenty to day-trade with, $8 fee both ways, make $100, sell, rinse, repeat.
You don't need a shitton of money to day-trade, $15,000 is more than enough. I was/am mostly trading smaller stocks ranging anywhere from $1-$5 and selling off after making a minute amount of profit.

Edit:

Upon re-reading your question I realize you're probably referring to the formal rules for official "day-trading", being FINRA requires you to have $25,000 in any margin account to execute however many trades per day.
I was trading with $15,000 but an account worth of $30,000 for this very reason through Merrill Lynch, as they do include your account balances from your Bank of America accounts.

I just read the "day-trading rules" on firna's website and they say you have to have a minimum of 25k to day trade period...

So does this mean I couldn't even daytrade with 5k?

Or is that rule only for certain brokers?

[Enronitis]

I just read the "day-trading rules" on firna's website and they say you have to have a minimum of 25k to day trade period...

So does this mean I couldn't even daytrade with 5k?

Or is that rule only for certain brokers?

That's a global rule, but with $5,000 you probably aren't going to be executing more than those ~4 trades per day anywho.
You could do what I did which is simply have a bank account with enough to push you over that $25,000 and only trade with (X) amount.

[.Dmo]

That's a global rule, but with $5,000 you probably aren't going to be executing more than those ~4 trades per day anywho.
You could do what I did which is simply have a bank account with enough to push you over that $25,000 and only trade with (X) amount.

If I was allowed 4 trades per day that would be fine, but I think it's 4 trades for 5 straight business days.
https://www.tradeking.com/investing/day-trading-rules