Example: I buy 100 shares of stock ACME which I pay $.50 per share plus a commission of $15 for a total expenditure of $65. Then, later that same day, the stock rises to $.80 per share, so I sell all 100 shares plus pay a commission of $15 for a total profit of $30. Does this work? I understand there's alot involved with choosing which stocks to invest in, but in theory is it this simple?
I'm looking to get started using something like etrade but a service that only requires like $500 minimum to get started, or possibly using Sharebuilder.com?
Is it possible to use Sharebuilder, which doesn't require a minimum account opening balance to day trade and make money?
I'm not looking to reture here, just make a few bucks each month. Thanks!
Penny stock are impossibe to predict or analyze, since they trade on very small volume and can be easily impacted by any sizable participant…
If a online saving account is too conservative for you, then buy an ETF (Exchange Traded Fund) and hold it for the long term…
But forget about penny stocks and short traiding, even more now that the market is so volatile
best of luck
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