2006-08-09 17:37:43 · 7 answers · asked by milan 1 in Business & Finance ➔ Investing
There is neither a publicly known system, nor can there be one. Assume you discover a system, and let everyone know. Now, whenever the magic point is near EVERYONE jumps on, destroying the magic point and crushing the system. Supposedly the Motley Fool has such a system, published it, and watched it destroyed within weeks.
So, simply put, if a system is publicly known, it will not consistently work.
Other than that, buy low, sell high, will always work.
2006-08-09 18:20:58 · answer #1 · answered by rehabob 4 · 0⤊ 0⤋
It depends on how much money you wanna invest.
Say you have 10K.
Pick a stock trading around 2.5 / 3 dollars.
Buy aroud 3000-4000 shares.
Wait for it to go up by 3-4 cents (if u do your homework correctly, you should have a pretty good idea of what sectors, industries. are going up that day).
Sell.
Profit: Around $200 minus commissions ($13-15, depending who is your broker)
If you are not a day trader, with a powerful portfolio..you'd only be able to do this about twice a week (cuz u r not a trading on margin, but cash).
Monthly you should make around $1200, if everything goes your way, which it will never do...
If the price doesn't go up....well... you wait until it does...
You won't trade every day, nor are you gonna trade every week (remember...you wait til prices go up....otherwise, your investment is idle).
Don't bet your house on this.
Don't quit your job.
The system is likely to work if you remember not to be greedy
2006-08-09 19:43:33 · answer #2 · answered by achsev 2 · 0⤊ 0⤋
Hey there!
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GOOD LUCK!
2014-09-24 02:59:19 · answer #3 · answered by Timmy 1 · 0⤊ 0⤋
Yes. Renaissance Technologies' Medallion fund has been delivering 35.6 percent annually since its inception in March 1988. The catch is, Renaissance Technologies has 140 employees, including 30 or so Ph.D.s in hard sciences.
2006-08-10 05:36:43 · answer #4 · answered by NC 7 · 0⤊ 0⤋
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/c8109
2015-01-25 00:11:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋
so far the 2 trading system that is consistent is
The dog of the dows
Sell in May, go away system
I refer check this book out TRADERS ALMANAC by jeff hirsch
2006-08-09 17:48:43 · answer #6 · answered by Hoa N 6 · 0⤊ 0⤋
I have been daytrading for over a decade.
2006-08-10 13:05:30 · answer #7 · answered by Anonymous · 0⤊ 0⤋