0.20 cents a share doesn't pay for the commission.
with an account being $500. You can make money on it. I wrote a blog about my $SINO trade, i spent $260 for 100 shares and turned those 100 shares into $100. With a $500 account, you HAVE to wait for the PERFECT setup. Wait for an earnings report/contract winner to come out and overnight it if it holds intraday/multiday support.
I also made another $100 off 100 shares of $TOPS. With the exact same setup. So it is possible to grow a $500 account.
I use just 500 dollars per trade because I'm still new but I use Robinhood because commisions would kill me. My average trade winning trade is a little over 8% so over 40 dollars, but still. I'd recommend you use Robinhood for now.
Join now or log in to leave a comment
[TimAlerts] Sold $BIOC 1.89 from 1.7 slowly getting better at this
[TimAlerts] $BIOC passed 1.85
[TimAlerts] Anyone thinkg $BIOC will run up today
[TimAlerts] lol my order for $UNXL didnt execute at 1.52 for overnight oh well
[TimAlerts] whats news for $UNXL?
[TimAlerts] Im liking $UNXL for overnight its holding right near its highs
[TimAlerts] Inn $ESEA from 1.84 using the new paper trading feature love it
Ty for sharing, but at what point are you buying? At that b/o or in or are you buying few days after ER in expectation that b/o will happen later? Ty.
@GT500 the "E" on the chart indicates the earnings announcement, so you can see how many days it takes to break out. Entry depends on risk and price action, each play is different
good job keep it up.
This is great and aligns very well with my current strategy. I will have to investigate this further.
Join now or log in to leave a comment