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A simplified book for daytrading, for extra cashflow or full time employment.
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The book takes the newcomer or novice trader through a series of steps for more profitable trades regardless if the market is going up or down.
Excerpt
N) 10,000 share equals $100.00 for every penny that your stock goes up or down, so keep in mind that removing the last two digits of the shares gives you your profit/loss per penny, i.e. 5,000=$50.00, 1,000=$10.00, 3750=$37.50 and so on. 10,000 is also the size of a ‘block’. The more the stock costs, the more money it takes to buy a block. Trade in blocks of this size may be institutional buying. Your average day trader is not going to put $5000 into a cheap stock. The theory is that someone with big money would do that. The same is true of selling. $5000 blocks selling off would probably be fund dumping. Always keep in mind your cost for buying. If you are paying $20.00 for a trade and you buy 2000 shares, you need the price to go over by .02 to cover the cost of buying and selling your stock. This would be your break-even point.
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