I have been playing the simulator stock "game" with $1000.00, which "charges" $19.99 a trade. It seems to me that if I had a real account, and any time I had a profit of say even $10-15, and could trade for the $4.95 price Tradeking advertises, I would amass little daily profits with which I could play/buy more. Is there some rule I don't know about that one has to keep a stock for a certain period of time? Is what I'm suggesting "daytrading"? Thanks for any info!
2006-11-29 10:04:47 · 4 answers · asked by libby 2 in Business & Finance ➔ Investing
No, there is no rule on how long you have to hold a stock. In fact, you can buy and turn around and sell it a few minutes later. Check out http://ibooyah.com for some stocks to invest in and general investment matters. Good Luck.
2006-11-29 10:09:04 · answer #1 · answered by buklao 3 · 0⤊ 0⤋
That's a day trading.Try TD Ameritrade more lucrative off than Tradeking.
2006-11-29 18:11:32 · answer #2 · answered by Google P 2 · 0⤊ 0⤋
No.
2006-11-29 18:06:27 · answer #3 · answered by Da Mick 5 · 0⤊ 0⤋