50k swing to retirement?
Example: $10.05 - $10.00 =.05cent
= (.05/10.00 ) 100 = .5% gain
will give me a profit of $250.00 per trade/day
for 20days = $5,000.00
a two weeks pay check will equal :
2wks = 80hrs
$5,000/2= $2,500
$2,500/80hrs = $31.25hr
right now I make 19hr
if , all of this is correct I am retiring at 44 in one year
and what is the commision on $5,000.00 per trade and is there a commision free service or a low transaction fee on-line that I can use versus the broker fee.
Answer:
its working 4 me im up120%in 9 months.u have to do a lot of research ,get a scottrade acct 7 dlls a trade.u can open an account with 500 to get started,suggest u pay the 15 a month 4 scottradeELITE its free if u trade enough lot of trading tools.good book on the subject is daytraders survival guide by chris farrell also rule the freaking market ,by james parness -i think--i got them at city library. good trading!!
Hell let's throw in the house too!
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Your math is based on a very hypothetical proposal. The actuality will most likely not work out that way. When you trade you are betting against someone else who holds the opposite view. It is more or less a toss up as to who is correct. And as you allude to, commissions will eat you alive. Minimum is about $5.00 each way per trade.
That's a theory, but in reality, terrorist attack, Iran nuke, North korea issue could wipe out your investment in a single day
Remember Oct 19,1987?
Or far back to depression oct 29,1929?
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