day tradingsoftwareday traderstock day trading
I'm looking for the reason or logic that is behind recent trading activity I'm witnessing. XXX, trades as a OTC penny stock. I have shares that I bought through my normal brokerage account, just as anyone can. XXX is trading at massively high trading volumes now for months, with little to no change in share price. Average daily volume 333,281,908 shares. Several days with well over a billion shares traded. XXX's web site states that there are 10 bil shares outstanding. One last fact, the stock price has plummeted over these months. At .0001 per share during the massive volume period. My question is: How, with only 10 billion shares outstanding, can XXX be so actively traded at this volume and why would XXX sit at the same price and trade billions of shares, when all press and reports about the company are positive?

My take is that someone is deliberately swapping shares, huge chunks at a time, at ridiculously low prices to keep the stock price down? Why go to the expense?

Day trading


>>How, with only 10 billion shares outstanding, can XXX be so actively traded at this volume and why would XXX sit at the same price and trade billions of shares, when all press and reports about the company are positive?

The market is at a price consensus or is in a consolidation phase. The bulls and bears are in consensus; no one is more powerful than the other.

You will also find that penny stocks are usually less volatile than bigger value stocks.

>>My take is that someone is deliberately swapping shares, huge chunks at a time, at ridiculously low prices to keep the stock price down? Why go to the expense?

No I doubt anyone would be doing that deliberately. There is no point to such exercise – waste of time and money.

Maybe people who bought earlier at a cheaper price are taking profits and people who are hearing the news are buying in.

Good Luck!

I don't know much about retail accounts, like ameritrade or scottrade. If you have a retail account as such, and want to swing trade, can you short stocks, like you can as a day trader?
Day trading


Yes as long as you have a margin account…. but the "I don't know much about retail accounts" tells me you don't need to be on the short side of the market. There are other requirements to short and it varies broker to broker.
I may be purchasing some stock and selling after a few days. The money will go into brokerage account that I have set up correct? When do we pay tax on the profit? Anything else I need to be alert for? I am going to be using scotttrade which has a low transaction cost for all transactions of $7.50. Thanks in advance.
Day trading


You pay tax on the profits when you fill out your 1040 tax form at the beginning of next year. Make sure you keep enough money set aside to cover the taxes you will owe. If you make high profits, you may want to send in quarterly estimated tax payments so you don't get hit with on underpayment penalty.
What can the daytrade company do to collect this debt? Does the credit card company have any claim to his account?
Day trading


The brokerage wouldn't have to do anything. You have to deposit the money into the brokerage account and have cleared funds before you can trade. You would have to use a cash advance or a credit card check to get money to deposit into your brokerage account.

So your estate would owe the credit card company, just the same as if you had run up your credit cards on anything else. The executor of your estate would have to sell something to cover the debts, and the stocks would be a likely a candidate. So really, in the event of your death, the credit card company doesn't have a specific claim on the stocks, but a general claim against all of your assets, before they are disbursed to your heirs.

Heard Ameritrade handled the put options, but I can't find any mention of it at their SPY financial page.

Someone has pulled a bin Laden trade and has made nearly one billion dollars in puts for the SPY. I'm trying to find out more about this put that was made on the SPY.

Google " bin Laden trade put 4.5 billion " .

4.5 billion dollars will be made by September 21st, 2007, if the puts don't expire first and if something causes the markets to drop by 30 to 60 percent. Terrorism threat/extortion? China drop-kicking US dollars for the $10 billion they lost in sub-prime loans? US Gov being blackmailed?

You can read about it at this forum http://www.tickerforum.org/cgi-ticker/akcs-www?post=4669 The last pages of the forum holds the best information.

Are puts considered confidential or are they posted on the 'Net somewhere? Been looking for several days and can't find the information.

Day trading


Puts are exchange traded options; they are definately public as long as you are trading them. As a buyer of a put option, it gives you the right to sell your stock at a pre-determined price, called the exercise price.

For instance, if you own stock now selling at $10 each and want to protect your portfolio against losses, you could buy a put option. Say, your stop loss is 10% loss. You would either sell your stocks when they fall below $9 each. However, this would not guarantee a stop loss because every seller would be freaking out and wanting to sell these stock. So, the stock price might even fall to say $7 each, missing your stop loss.

To hedge against the extra loses, you would have bought put options that would give you a right to sell your stocks at $9 each regardless of how low the stock prices would fall.

Another way of benefitting from options would be to write a spread. At the moment, because the market is bearish, writing bearish call spreads would be the best way to make a lot of money. However, because these spreads are credit spreads, no broker would let you write the spread, without you having an amount of cash in your account, should your credit spread go wrong and your written options get exercised.

These strategies of write credit spreads are better left to more experienced investors. If you are fairly new at stockmarket inveting, I would suggest that you put your money in less volatile investment vehicles like fixed income stuff like savings bonds, CDs etc.

Greeting Everyone!

I am just getting into stock trading and have red a few books. Or actually, I am still in the process of reading a few good books. I have an idea of my stock strategy, but would like to know the best discount broker for this strategy.

My strategy is basically a growth and value investing strategy. With this trading strategy I will likely buy/sell a few stocks per month. Definitely not day trading. I might buy some stocks that fit my criteria and then also buy more of that same stock when it goes down in price and still meets my criteria.

I will also probably not use my broker for most of my research, but an outside source. So really I just need a broker strictly for the trading. So I am wondering what the best "bang for my buck" would be in this situation.

Any and all help will be greatly appreciated.

Thanks everyone.
Hey guys thanks for the help………………………I am actually in the U.S.

Day trading


For the quality of research and tools available, I'd recommend Fidelity or Schwab.
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I mean to trade in real-time and with flat fee.
Most brokers offer service by pohone or online servicee, but they still work with huge delay.
Is there way to trade as fast as brokers do through their market connectivities?
Any suggestion and links to corresponding financial institutions would be appreciated.
Roman Voznyuk
Day trading


Thinkorswim.com open an account with $3500 and download the desktop. best broker firm and if you make 30 or more trades a month they will pay for you internet service! i daytrade with them and as long as you want to buy between bid and ask and place the order it gets you in instantly. $3 option trades. $5 stock trades up to 1000 shares .0125 cents per share after that. cant beat that! email me if you need some help too im always on the market M-F during market hours.
I am not able to trade daily because of this rule.
Day trading


Actually, day traders MAY qualify to do that, but you have to be a certified investor, which means experience and plenty of cash to cover trades. What that essentially means is you have enough extra cash that the surplus cash is buying and when the trades clear that then becomes the surplus cash. Think of it as a different kind of "margin" that the government requires you keep to do this.
-st day traders.

thanx

Day trading


There is nothing called day trading anymore. since 2005 the concept was abolished when the SEC issued the law of locking the funds for 72 hours from the day of purchase. Meaning if you buy the stock today and you sell it tomorrow, you cannot recover your funds until two more days.
Say $2-10 dollars
Day trading


You need real time and use the 1 minute (tic) chart. I do not know if Yahoo has this but I know my broker does and i get it for free.