Bored -- wondering about day trading for fun

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Bammerman
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Bored -- wondering about day trading for fun

Post by Bammerman »

Boglehead investing is, let's face it, boring. At least, the conservative asset allocation I use is (very boring): 30% stocks, 70% TSP G fund and bonds. So I'm thinking about starting a tiny little day-trading thing, like $1,000 or so, if you can do it for that little. Is that small a sum feasible for day trading? Which, by the way, I have never done. I've never even bought any individual stocks before. I have no gambling blood in me at all but I was thinking this might make an entertaining hobby, maybe more interesting and time-consuming than my $1 per week lottery ticket.

Thoughts? (Remember, bogleheading is a stance, an approach -- not a religion.)
tim1999
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Re: Bored -- wondering about day trading for fun

Post by tim1999 »

With a $1,000 bankroll, if you are buying and selling the same day, by the time commissions are taken out, your profits (if any) will likely be measured in cents or a couple of bucks. Not my idea of fun.

Personally, I'd have more fun taking $100 of that to a casino.
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Rick Ferri
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Re: Bored -- wondering about day trading for fun

Post by Rick Ferri »

I play cards on line when I'm board. It's fun, competitive and doesn't cost anything.

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samsmith
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Re: Bored -- wondering about day trading for fun

Post by samsmith »

New to this board - but have been a "bogelhead" for many years.
Every few years I try day-trading mostly for kicks. I find it fun.
Most recently - used an account at fidelity as they have something called Active Trader Pro.
Needed to have $25,000 in account or to avoid some form of margin call (after several day trades).
Have never traded enough to make a material difference.

PS: As might be expected - while I find it fun - I normally quit after a few weeks becuase (at least in my hands) day-trading has a negative ROI.
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Re: Bored -- wondering about day trading for fun

Post by Twins Fan »

Bammerman wrote:I have no gambling blood in me at all but I was thinking this might make an entertaining hobby, maybe more interesting and time-consuming than my $1 per week lottery ticket.
I would beg to differ, if you play the lottery and think day trading would be a fun hobby. Sounds like you have just kept it under wraps for a long time and call it other things. :happy

Is there a horse racing track near you? I think that would be a much better fun hobby for you and it gets you outdoors for some air.
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baw703916
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Re: Bored -- wondering about day trading for fun

Post by baw703916 »

Having my net worth increase never gets boring.

Losing money gets boring very quickly. So unless day trading has a very high probability of increasing net worth I wouldn't consider it "fun".

Sooner or later another 2008 will happen and then things *won't* be boring.
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sawhorse
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Re: Bored -- wondering about day trading for fun

Post by sawhorse »

There are some sites that offer fake money to try out your investment skills without the risk of losing real money. Kapitall is one company. I think Optionsxpress also offers that service.
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Re: Bored -- wondering about day trading for fun

Post by Valuethinker »

Bammerman wrote:Boglehead investing is, let's face it, boring. At least, the conservative asset allocation I use is (very boring): 30% stocks, 70% TSP G fund and bonds. So I'm thinking about starting a tiny little day-trading thing, like $1,000 or so, if you can do it for that little. Is that small a sum feasible for day trading? Which, by the way, I have never done. I've never even bought any individual stocks before. I have no gambling blood in me at all but I was thinking this might make an entertaining hobby, maybe more interesting and time-consuming than my $1 per week lottery ticket.

Thoughts? (Remember, bogleheading is a stance, an approach -- not a religion.)
Remembering this from the late 1999 early 2000 period.

When the stock market drops you will hear a lot less about people wanting to day trade. It's not fun when your pot is shrinking not growing.

Mid 2000s I met a lot of people who had increased their mortgage to day trade. The stock money was gone, the debt remained.
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Re: Bored -- wondering about day trading for fun

Post by livesoft »

$1,000 is not going to cut it. One needs at least $25,000 when subject to the pattern day trader rule. Also commissions might eat into that $1,000 quite a bit since the gains will be small.

I've been trying to do some no-commission trades when I think I can net 0.5% tax-free over the course of a few hours. So on $1,000 that would be $5 which would not be worth it to me. But on $50,000 to $100,000 the 0.5% turns into $250 to $500. I do not do this every day or even every week because the opportunities I am looking for do not occur daily.

Here is how it might work for me: I have $100K in VCSH. I see the market is going up in the morning with positive news. I sell VCSH (fixed income) and buy VTI in one account. Near the end of the day, if I have made enough money in VTI, then I exchange VTI into VCSH in another account. Therefore, overnight my asset allocation has not changed from the previous night. Much like high-frequency traders, I do not own anything new overnight.

Or it might work like this: I am not paying attention to the markets in the morning, but I notice that mid-afternoon on March 30, 2015 that the S&P500 is going up more than 1%. This doesn't happen that often and the next day there is sometimes (not always) a retracement. So in my 401(k) I exchange from FUSVX (S&P500) to FSITX (bonds). The next day (March 31st), I see that the S&P500 has dropped, so in my IRA, I exchange from VCSH (bonds) into IVV (S&P500) in order to restore my allocation to the S&P500 index fund. And the next day (April 1st), I see the S&P500 has dropped again. So what? If I had done nothing, the FUSVX that I owned would have dropped on March 31st and April 1st anyways. I missed a one-day drop in FUSVX and prevented a loss of several hundred dollars. Plus FSITX went up, too.

I have enough brokers and accounts that I can do this round-robin trading in different accounts without worrying about settling times, frequent trading restrictions, taxes, nor commissions.

Does this work? Bogleheads will say it is too risky, that market timing does not work, that it is too little money to bother with, and that they do not have enough time to watch the markets to do this.
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LiveSimple
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Re: Bored -- wondering about day trading for fun

Post by LiveSimple »

Go ahead and play with 5% of your assets :o :oops:
stlutz
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Re: Bored -- wondering about day trading for fun

Post by stlutz »

@livesoft: You might find this paper interesting. You should only day trade in the 24 hours before an FOMC announcement...

http://papers.ssrn.com/sol3/papers.cfm? ... id=1923197
sawhorse
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Re: Bored -- wondering about day trading for fun

Post by sawhorse »

Under federal rules you need at least $25k in your account at all times to day trade. If you only have $1k, day trading is not an option for you. Why don't you sign up for a virtual trading account with fake money to see how you do? It'll give you good practice in learning things like technical analysis Kapitall even lets you win little prizes for the results in your fake account.
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ogd
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Re: Bored -- wondering about day trading for fun

Post by ogd »

Bammerman wrote:Boglehead investing is, let's face it, boring. At least, the conservative asset allocation I use is (very boring): 30% stocks, 70% TSP G fund and bonds. So I'm thinking about starting a tiny little day-trading thing, like $1,000 or so, if you can do it for that little. Is that small a sum feasible for day trading? Which, by the way, I have never done. I've never even bought any individual stocks before. I have no gambling blood in me at all but I was thinking this might make an entertaining hobby, maybe more interesting and time-consuming than my $1 per week lottery ticket.

Thoughts? (Remember, bogleheading is a stance, an approach -- not a religion.)
I wish you the worst of luck, my friend.

No, really. Hear me out before protesting. One of the worst things that can happen with the gambling money is that you are wildly successful with the $1000, so much so that you convince yourself that you've got it. This is a far greater danger than with actual gambling in Vegas, because in Vegas even after a great winning night your inner skeptic will remind you what the game is. In the stock market it's easy to rationalize: that you are more in tune with technology than these Wall Street dinosaurs, or that you're more nimble, or that you've got a nose, or that this is a winning game after all (superficially true -- but the difference between your gambling and holding the broad market isn't).

Next thing you know, you set yourself up nicely for five or six digit losses and a lot of sleepless nights and time wasted reading things that will ultimately be of no use to you whatsoever.

The bad luck that I generously wish upon you, on the other hand, will only cost you $1000. A bargain, really.

Think about it -- what good can come out of this experiment?

(NB: a good chunk of the above is personal experience)
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JoMoney
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Re: Bored -- wondering about day trading for fun

Post by JoMoney »

Unless you have some unique position or information that gives you a discernible advantage "trading" is just gambling. When you start digging into the brokerage transaction expenses, market spreads, taxes, and more... the odds really stack up against you. In many instances, the transaction related expenses are a bigger hurdle to overcome than the house edge on some casino games. Even worse some delude themselves into believing this "trading" activity is a form of "investing".
If you really are looking at doing this for "fun", I suggest you take a good look at various tax implications for different types of trading and think about the "fun" that will offer at the end of the year.
Good luck !
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Re: Bored -- wondering about day trading for fun

Post by Fallible »

Bammerman wrote:Boglehead investing is, let's face it, boring. At least, the conservative asset allocation I use is (very boring): 30% stocks, 70% TSP G fund and bonds. So I'm thinking about starting a tiny little day-trading thing, like $1,000 or so, if you can do it for that little. Is that small a sum feasible for day trading? Which, by the way, I have never done. I've never even bought any individual stocks before. I have no gambling blood in me at all but I was thinking this might make an entertaining hobby, maybe more interesting and time-consuming than my $1 per week lottery ticket.
...
Increasingly, I'm coming to believe that indexing is not truly boring, just relatively and deceptively simple. Even then, you have to know when to change an AA, know how to stay on top of an ever changing personal tolerance for risk, and have the guts to stay the course in a market crash and rebalance into it. But if it is boring you to the point of wanting to day trade, I can see from the wise posts here that you have much work to do and need much more money to put into it, and much, much luck.

Is there some other financially safer way to deal with your boredom? Maybe if you identify what attracts you to day trading, you can find a similar attraction needing less work and money?
"Yes, investing is simple. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense." ~Jack Bogle
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Re: Bored -- wondering about day trading for fun

Post by livesoft »

Going to a few shows on Broadway will relieve boredom, but also cost a lot more money.
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Re: Bored -- wondering about day trading for fun

Post by BogleBoogie »

Ruby wrote:Go ahead and play with 5% of your assets :o :oops:

:confused :confused :confused (a why do it moment)
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Re: Bored -- wondering about day trading for fun

Post by livesoft »

JoMoney wrote:When you start digging into the brokerage transaction expenses, market spreads, taxes, and more... the odds really stack up against you. In many instances, the transaction related expenses are a bigger hurdle to overcome ….
So if there no brokerage transaction expenses, no taxes, and one uses mutual funds exchanged at NAV (that is, no spreads), does all that increase the odds in your favor?
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carrytrader
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Re: Bored -- wondering about day trading for fun

Post by carrytrader »

from traders I used to work with day trading is simply glorified gambling. Short run fun, long run loss.
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Riceman
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Re: Bored -- wondering about day trading for fun

Post by Riceman »

There are almost an infinite number of hobbies out there. Maybe this one will be fun, but there are some costs and risks (the biggest being you do well and this starts bleeding over into your larger investments). Why not pick a new hobby with fewer risks or more benefits?

I usually try to do this kind of calculation whenever I see the potential for starting a new hobby. A few years ago, a number of people suggested diving. And I agree, it looks like a lot of fun. But I have a lot of fun riding my bicycle, it's a lot cheaper, and I get more exercise. Similarly, I've taken up mixology (cocktails) over scotch or wine. I think consciously evaluating potential substitutes is easy and pays dividends when choosing a hobby.
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Re: Bored -- wondering about day trading for fun

Post by mck »

It sounds like to OP is using day trade to refer to buying and selling of individual stocks and "cashing in on gains" quickly as opposed to true day traders...

If that's the case one place I've found for "fun money" is merrilledge. If you have enough in a linked bank of america account or enough in their brokerage account you get a number of free trades per month. I get 30 free trades/month which I use to make trades on individual stocks in an IRA. I know some would think that is blasphemy but it negates need to count short/long term gains vs losses.

Hope that helps.
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Re: Bored -- wondering about day trading for fun

Post by cheesepep »

I don't do any professional day trading, but I do do casual day trading, which is the buying and selling of individual stocks. I only do it with a small percentage of my portfolio geared towards play money, however. I can often buy and sell within an hour or three, but sometimes, it ends up with me holding it for a few months before I can profit. Very fun!
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Re: Bored -- wondering about day trading for fun

Post by heartandsoul »

Bammerman

It sounds to me that you need to find a hobby that gives you the emotional roller coaster of gambling but without the potential financial losses. Something that will give you the occasional euphoric high and the frequent bouts of despair. A hobby where you believe for a few fleeting moments that you really have mastered it only to come to the crushing realisation that you never will.

Have you considered golf?
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JoMoney
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Re: Bored -- wondering about day trading for fun

Post by JoMoney »

livesoft wrote:
JoMoney wrote:When you start digging into the brokerage transaction expenses, market spreads, taxes, and more... the odds really stack up against you. In many instances, the transaction related expenses are a bigger hurdle to overcome ….
So if there no brokerage transaction expenses, no taxes, and one uses mutual funds exchanged at NAV (that is, no spreads), does all that increase the odds in your favor?
You can't day trade mutual funds, they're priced once a day at the market close.
Transaction expenses of some sort are pretty much inescapable, you may not see them directly, and in the case of mutual funds it may be spread out so that everyone in the fund shares in the costs (which is why many funds will try to stop accounts that trade too much - e.g. Vanguard *)
But lower fees decreases the disadvantage you have to overcome, whether or not that puts the odds in your favor would depend on the specific situation, and I'm not sure I'd know what the probability of any given trades success would be to say who's favor the odds were in. The middle-men who make their profit from the transactions get their cut regardless of which way it goes.

* See Vanguard fund prospectus on their policies regarding "Frequent Trading or Market-Timing"
Vanguard Fund Prospectus wrote:Do not invest with Vanguard if you are a market-timer
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Re: Bored -- wondering about day trading for fun

Post by ofcmetz »

Bored, try playing Hearthstone on your computer or tablet. Get on this site at the same time and read threads while posting when you can help out. I would rather bring that 1K to the casino than day trade with it.
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Re: Bored -- wondering about day trading for fun

Post by Dandy »

Be afraid - be very afraid. The gambling high applied to investing is a recipe for disaster. For your own good find another hobby to stoke your interest. Gambling is very addictive. That is why despite losing many gamblers keep playing. I have a close friend you has gone from great wealth to zero or near zero a few times. He is now retired and still is a day trader. We shake our heads that he hasn't learned. He told us recently he had hundreds of open positions that he follows daily. If he gets sick - nobody will know how to protect his investment/bet.
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Re: Bored -- wondering about day trading for fun

Post by Bill M »

Day trading of stocks will also seem boring. For excitement, go with low-priced index options -- +500% to -100% in 30 minutes isn't uncommon. Taxes are relatively simple: they are "Section 1256 contracts" and you don't itemize the individual trades, just report a total net gain/loss figure at year-end and 60% of it is counted long-term and 40% is counted short-term (see IRS form 6781).

Face it you're going to lose a lot at first. You're up against the pros, and have none of the advantages/experience they have. I believe a good comparison is to the cost of a college education.
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Re: Bored -- wondering about day trading for fun

Post by fanmail »

If you can beat the game Frogger, then give it a shot. Trading has becoming an increasingly difficult way to make money over the last number of years. $1000 is nowhere near enough money to do much, but at least your risk will be limited.
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goingup
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Re: Bored -- wondering about day trading for fun

Post by goingup »

From my heart…I hope you're just kidding. :|
sawhorse
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Re: Bored -- wondering about day trading for fun

Post by sawhorse »

Are you retired with a good federal pension?

I diverge from the hardcore Bogleheads and think that investing outside index funds can be worthwhile. That's why I recommend a fake account. Read up on how investors choose individual stocks. Each year, plenty of actively managed funds beat the market, though usually not by much, before costs and taxes. It's the costs and taxes that erode their gains.

Then sign up for a fake account. Things can be more fun with fake money because you don't deal with the anxiety of losing real money. Try different strategies simultaneously to see how they work. Try day trading in your fake account and compare that with other strategies such as fundamental analysis and technical analysis. Write a blog about it if you feel inclined.
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EyeYield
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Re: Bored -- wondering about day trading for fun

Post by EyeYield »

I often wonder about things when I'm bored too. If I'm bored more than one day, I usually find myself wondering about something different the next day.
I'm just wondering if you're still wondering about day trading today.
?
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Mark Snark
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Re: Bored -- wondering about day trading for fun

Post by Mark Snark »

I had the same problem. I learned how to play poker.
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Re: Bored -- wondering about day trading for fun

Post by Valuethinker »

ogd wrote:
Bammerman wrote:Boglehead investing is, let's face it, boring. At least, the conservative asset allocation I use is (very boring): 30% stocks, 70% TSP G fund and bonds. So I'm thinking about starting a tiny little day-trading thing, like $1,000 or so, if you can do it for that little. Is that small a sum feasible for day trading? Which, by the way, I have never done. I've never even bought any individual stocks before. I have no gambling blood in me at all but I was thinking this might make an entertaining hobby, maybe more interesting and time-consuming than my $1 per week lottery ticket.

Thoughts? (Remember, bogleheading is a stance, an approach -- not a religion.)
I wish you the worst of luck, my friend.

No, really. Hear me out before protesting. One of the worst things that can happen with the gambling money is that you are wildly successful with the $1000, so much so that you convince yourself that you've got it. This is a far greater danger than with actual gambling in Vegas, because in Vegas even after a great winning night your inner skeptic will remind you what the game is. In the stock market it's easy to rationalize: that you are more in tune with technology than these Wall Street dinosaurs, or that you're more nimble, or that you've got a nose, or that this is a winning game after all (superficially true -- but the difference between your gambling and holding the broad market isn't).

Next thing you know, you set yourself up nicely for five or six digit losses and a lot of sleepless nights and time wasted reading things that will ultimately be of no use to you whatsoever.

The bad luck that I generously wish upon you, on the other hand, will only cost you $1000. A bargain, really.

Think about it -- what good can come out of this experiment?

(NB: a good chunk of the above is personal experience)
Good chain of logic.

Early wins might make OP think he has something on the House. But the House (in this case market efficiency) always wins, long run.
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Re: Bored -- wondering about day trading for fun

Post by Valuethinker »

Lose 5% of your assets.

Then compound that over the next 30 years by what you could have earned at 7% pa invested in Vanguard TSM. Let's make it 6% to be more conservative.

THEN decide whether it is worth losing 5% now.

Warren Buffett always listed one of his worst mistakes as spending was it $200m buying out a shareholder in Berkshire Hathaway with whom he had a dispute. Compounded that money would now be worth something like $20bn.
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Re: Bored -- wondering about day trading for fun

Post by chessmannextmove »

Bammerman wrote:Boglehead investing is, let's face it, boring. At least, the conservative asset allocation I use is (very boring): 30% stocks, 70% TSP G fund and bonds. So I'm thinking about starting a tiny little day-trading thing, like $1,000 or so, if you can do it for that little. Is that small a sum feasible for day trading? Which, by the way, I have never done. I've never even bought any individual stocks before. I have no gambling blood in me at all but I was thinking this might make an entertaining hobby, maybe more interesting and time-consuming than my $1 per week lottery ticket.

Thoughts? (Remember, bogleheading is a stance, an approach -- not a religion.)
I'd rather go out and play now that it's spring time.

But $1000 is not enough. Commissions of $5 to $10 dollars per trade will be silly to pay with such a small sum invested. You need at least $25000 to invest in stocks using MerrillEdge BofA (no commissions).
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Pajamas
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Re: Bored -- wondering about day trading for fun

Post by Pajamas »

Sure, why not? It's fun. You can really get the adrenaline going when you have a large profit or loss in just a few minutes, if that's what you're after. The joys of being long or short, either one, when trading is halted because of breaking fraud or a buyout announcement can't be beat, and that will happen sooner or later if you are lucky or unlucky. Just don't let your day trades become long-term positions because they are in the red!

You can't do it with just $1,000, though, you need $25,00 and you should only do it with money you can afford to lose. I like to play the slots at the casino. I don't expect to win. The money I spend is pure entertainment. You should approach it the same way.

If you are going to day trade, you can have fun with stock chart analysis. That is a great hobby in itself.

In fact, you could make that the hobby and trade using a simulation account, as others have suggested. I can't recommend any particular one, but you can find them by googling "stock trading simulation."
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Re: Bored -- wondering about day trading for fun

Post by livesoft »

It looks like lots of folks think that hitting home runs is the way to day trade.

How about just getting on base? Maybe make a $100 a few days every month and lose a $100 a couple days a month. I can think of several ways to conservatively try to make some money. The big guys wouldn't do such things because it would not be worth it to them and would not pay the bills.
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gogleheads.orb
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Re: Bored -- wondering about day trading for fun

Post by gogleheads.orb »

Get a merrill edge account and use the free trade for either day trading or making your own index.
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Dutch
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Re: Bored -- wondering about day trading for fun

Post by Dutch »

Ok I'm calling the top of the market :P
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Re: Bored -- wondering about day trading for fun

Post by sawhorse »

gogleheads.orb wrote:Get a merrill edge account and use the free trade for either day trading or making your own index.
Per federal rules, you can't day trade with less than $25k in your account.
livesoft
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Re: Bored -- wondering about day trading for fun

Post by livesoft »

sawhorse wrote:
gogleheads.orb wrote:Get a merrill edge account and use the free trade for either day trading or making your own index.
Per federal rules, you can't day trade with less than $25k in your account.
It is worse. one needs $25,000 in cash in their Merrill Edge account to get free trades in addition to whatever is used to buy investments.
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Waba
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Re: Bored -- wondering about day trading for fun

Post by Waba »

If you open a TDAmeritrade account you get $100000 and perpetual free trades when you use the ThinkOrSwim software. (*)


(*) Make sure to select the "paper money" checkbox when logging in with ThinkOrSwim.
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JoMoney
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Re: Bored -- wondering about day trading for fun

Post by JoMoney »

Dutch wrote:Ok I'm calling the top of the market :P
Hmmm.. you did that last year, http://www.bogleheads.org/forum/viewtop ... 5#p2120405
and including dividends, the market is up about 7% since then. [M* Chart]
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JoMoney
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Re: Bored -- wondering about day trading for fun

Post by JoMoney »

I really don't think it's a good idea, but...
If what you want to do is "trade", and think you can make money or have fun from your trading skillz, there are many places that will let you open forex "mini" accounts for $1000 and you can trade foreign exchange with massive leverage making it as risky as you want it to be.
Or if what you want is to buy individual company stocks, there's hundreds (maybe thousands) of companies that have direct stock purchase programs that you can get into for less than $1000 but the programs don't really allow you to "trade" or even set price limit orders.
https://www-us.computershare.com/Invest ... us&lang=en
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham
tdogz
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Re: Bored -- wondering about day trading for fun

Post by tdogz »

I've started using Robinhood to make commission-free trades. I put a few hundred dollars in that account so I could make a few trades each week with 'play' money (not to officially be a day-trader). There are a few stipulations on the service. First, it is currently iOS only (I'm using my wife's old iPhone 4S just for Robinhood) and I'm not a fan of the interface, though it is usable. I can't wait until they get their Android app released so I don't need the extra device just to use their service! Also, its limited to US stocks if you want commission-free trades. In fact, it wouldn't let me purchase a small Bermuda-based company that is listed on the NASDAQ. Their customer service said it was because that stock purchase would incur additional fees, so purchasing the stock is blocked right now. That is the only time that I ran into that situation though (for instance, I bought NBG - and made 10% - without a problem). The regulatory fees (TAF & SEC Fees) still apply when you sell. You can review the commission & fee schedule on their website.
nanosour
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Re: Bored -- wondering about day trading for fun

Post by nanosour »

Have you heard of the 90/90/90 Rule?

The rule states that 90% of day traders, lose 90% of their money, within the first 90 days of trading.

It's spring time. Pick a nice sunny day, buy some peanuts, and go watch a baseball game. :)
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Bammerman
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Joined: Fri Apr 06, 2007 4:58 pm

not really going to try day trading-- whatever that is

Post by Bammerman »

It was just a passing thought. I think I'll apply for a part-time job instead. It's not so much the want-more-money thing -- I don't want to spend any more time inside the house in front of a screen, especially now in the Spring. A job would get me out of the house and let me interact with actual human beings, which I enjoy. And bring in a little money too, which I like.

I did use to enjoy investing more, but that was back during my "accumulation" phase when I was still working full-time (and saving a lot. And when the tide was generally lifting my boat along with everyone else's.

It's fun to read through all the comments here! "You've got all types," as the saying goes. I don't mean to come across as facetious-- it's useful to see all sorts of perspectives and to learn about others' experiences. One of the great advantages of this forum.
livesoft
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Re: Bored -- wondering about day trading for fun

Post by livesoft »

It was a fun thread. What I got out of it is that most people think day traders are trying to make a killing every single day and are not trying to manage risk. Options? Futures? Sure go for it. :)

All I am trying to do is to outperform Vanguard LifeStrategy Moderate Growth fund by at least 0.5% a year, but with less equities.
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Bustoff
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Re: Bored -- wondering about day trading for fun

Post by Bustoff »

Bammerman wrote: ...
So I'm thinking about starting a tiny little day-trading thing, like $1,000 or so, if you can do it for that little. Is that small a sum feasible for day trading? Which, by the way, I have never done. I've never even bought any individual stocks before.

Thoughts? (Remember, bogleheading is a stance, an approach -- not a religion.)
I'll chime in. I have a trading account I use for fun. It also keeps me from tinkering with my main portfolio.
If you are going to try this having no previous experience I would recommend you stay away from trading individual stocks and avoid leveraged ETF's like the plague.
Stick with broad market index funds ETFs such as VTI, BND, etc.
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PaFromFL
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Re: Bored -- wondering about day trading for fun

Post by PaFromFL »

I'd probably just skip the middlemen, travel to Wall Street, and hand out $100 bills to anyone who looks like they have inside information or are able to manipulate stock transactions. When trading individual stocks, the game is often rigged. With an index fund, the hanky panky reduces the yield, but is less likely to wipe you out.
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