Question:
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!
Answer:
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.
No.
That's a day trading.Try TD Ameritrade more lucrative off than Tradeking.
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