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Please explainPlease explain
perry said: "DLARQ (delta air lines) stock jumps a penny, up and down everyday!. Is this day traders or what.......
Thanks"
Lagg-Alot said: "Day trading means that you buy and sell a stock in the same day.
If you day trade (buy and sell the same stock in the same day) 4 times in 5 days you will need a margin account with at least $25000 of net value in that account."
BenHouston said: "[QUOTE=perry]DLARQ (delta air lines) stock jumps a penny, up and down everyday!. Is this day traders or what.......
Thanks[/QUOTE]
Ermm the symbol is actually DALRQ#### and I don't see it jumping 1 cent every day...the price is based on many factors, since it is a pink sheet the market makers control the price. The price is still affected on suppy and demand of course."
BenHouston said: "[QUOTE=Lagg-Alot]Day trading means that you buy and sell a stock in the same day.
If you day trade (buy and sell the same stock in the same day) 4 times in 5 days you will need a margin account with at least $25000 of net value in that account.[/QUOTE]
When I first started investing and reading up on everything I thought 25,000 was so much, but its really nothing for day trading."
perry said: "I suppose I just got lucky and hit it the right day, I opened DALRQ a couple or three months back and it was @ .65, I bought a bunch and in less than week it was @ .72 sold all and played with a portion but it's just not making any dramatic moves. guess I'll get out......"
Harry said: "Welcome Perry but don't get too comfy with the penny talk. We don't talk penny here. But welcome :D"