Day Trading

This does not include any stocks or trades the trad err might be in. This is cold, hard U.S. CASH.

As soon as the account goes one cent below $25K, a whole different set of rules comes into play.

Check with your broker or any broker to confirm what I write. There MAY BE exceptions.

As far as penny shares:
They are far, far, far too risky and volatile.

Thanks for asking your Q! I enjoyed doing my best to answer it.

VTY,
Ron Berue
Yes, that is my real last name!

Whether it is sound?
Question: Can you afford to lose money? or have the investment decline in value? Do you need the money in the next 5 years? If yes, I would not be in stocks.

Tough call. I'll be watching too.

NYSE Symbol : "V"

You can visit http://stocksguide.checkouttoday.info for some useful tips and info related to your query. Good luck!

send an email if you like and I will give you names of a couple of these that are worth investigation. I don't sell any of them and have no affiliation with the companies. Good Luck, Good Fortune, and Keep those very wary eyes WIDE OPEN!!

It all depends on the security traded. If you are trading LEH for instance (usually .01 spread), market orders are sufficient for quick entry/exits. But for something like POT (which has spreads of up to .40 at times), limits are a much better method to reduce slippage.

Most day traders that I know always limit however. But they "limit through". Limiting through means they are limiting through the market, which will usually give them the same result as a market order, but helps in one particular area: "the bad print". Sometimes if you go market, you may receive a bit out of the spread, especially if you route through ECNs (and even NYSE at times). But if you limit through, you might catch an ECN for a good fill (sometimes better than the best bid/offer). By limiting through, you also limit the price at which you want (so don't overpay and such).

Also, if you don't know what limiting through is…..if the market is say 29.10 x 29.12 …and you want to buy….you limit buy at something like 29.15. This way, the worst fill you could receive is 29.15. I've seen some terrible prints before, so I definitely suggest doing this.

Thin issues are most prone for the bad print, but even thick issues are a problem at times. With LEH yesterday, I see a print of 13.98 when the market was 13.84 x 13.85 (because of a bad market print). With POT a few days ago, I say a print of 219.55 when the market was 218.95 x 219.10.

My recommendation… get a full-time job… save some money in diversified mutual funds and retire early.

Good luck!