 Found stock dated 1902 from the Great Western Mineral Mining Company Where do I go now?? |
| Had to move in with my sick mother and have been cleaning out old stuff and came across this stock paper. It's from Idaho and the company is Great Western Mineral Mining Company. My Great G... |
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 ************** How would you invest 10k for good profit? *********? |
Got it on a 4.65% interest rate (gross) flexi saver but not happy with it. No FOREX, and I dont want to put it on 10% p/a fix without touching it. Is there another way of making some profit?
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 Scottrade, Etrade, Fidelity, Ameritrade, etc etc? |
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 Most trustworthy investing company? |
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Additional Details
the Q is asked in yahoo india...so am asking about indian ... |
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amalone | Can you buy a stock today, sell it tomorrow then buy it back the next day? |
I'm new to the stock market so please help. |
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A nobody
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Yes you can
Remember what ever you buy you must pay for it on or before the settlement day or before you sell it (which ever comes first).
So if you have the money that has cleared in your account, you can buy then sell the stock the next day., then buy it back the following day, but for this purchase it also has to be paid in full, you can not use the proceeds of the sale to cover the buy even though the settlement day of the sale proceeds the settlement day of the buy
YOU WILL NOT BE TAGGED AS A DAY TRADER and will not have any margin requirements.
HOWEVER, if you're new the stock market, you're foolish
Before you trade anything, you better know the rules.
AVA - Day traders must have equity of $25,000 at all times, not a balance of 20,000 there's a big difference between a balance of 20M and equity at all times
MASON PEARSON - In the US there is no time period, nor has there ever been a time period to cover a short or no time period to go short. |
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Jermone J
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u can do it that way.., but depends on what ur goals are with that stock. For any stock related starter articles and tips go to http://stockdummy.blogspot.com |
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BlaQice
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People do. Matter of fact cut to the chase and do it all in the same day. You'll have better luck betting baseball or college sports in Vegas.
The real money in stocks is made on the SHORT end. In the derivatives. A stock will take years to go up, say to $120 a share. Let them half a bad month and they'll get a 50% haircut in a week. Look at Starbucks and bear Stearns. |
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walt17jr
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Yes. You can buy and sell a minute later if you want to.
The only problem you may encounter is if you are trading in a cash account and using the same funds for all transactions. You can buy and sell. But if you buy another position with those proceeds you can not sell the new position until the sale has settled. That takes three business days.
To clarify: What you are describing is NOT day trading. Day trading means you buy and sell withing the same trading session. Or sell and buy if you are shorting. |
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Formerly known as Frank Castle
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Yes. |
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mason pearson
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Actually the margin requirement for pattern day traders is $25,000.
As to going short, that isn't something you wait on to happen. The last time I looked the average time to cover a short is 9 days. The more active stocks are much less, with many falling in the one day category. |
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ava
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I f you do this four days in a row, you will be considered a Day Trader by the brokerage, and will have to maintain a $20,000 balance in your account. SEC rules.
Give your broker a call if you need clarification. |
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trunorth
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If you sell it at a loss, say goodbye to the tax advantages. |
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