yellowtail
Active Member
aarone whe you first posted that thread a while back i bought some! if im a millionaire someday i will drive a ferrari that says "aarone" on the license plate!
my stock is rising
- Thread starter aarone
- Start date
tangman99
Active Member
I did it through one of my brokerage accounts on E-trade by just entering a limit order to buy 1,000,000 shares. I never bought any OTC stocks at my Ameritrade or Datek accounts so I don't know if they allow it or not.
E-trade is a great place to open an account if you are looking. I have since moved all of my accounts there as they offer everything I need and get trades for $9.99 each with no additional charges for quantity of stock I buy or how I buy them.
E-trade is a great place to open an account if you are looking. I have since moved all of my accounts there as they offer everything I need and get trades for $9.99 each with no additional charges for quantity of stock I buy or how I buy them.
yellowtail
Active Member
Originally posted by aarone
thanks tang...ill see you at the party
am i invited.............i hold 100,000 shares too.
yellowtail
Active Member
T
tizzo
Guest
Originally posted by aarone
well its speculated to go up to 4$ a share on the 28th of this month....soooo get the license plate ready...
i dont care if i do make alot..texas lottery is tonight 120mill
I got 8 cash option tickets
Owned!
Weeell, it's the 29th, so did it go up to 4 dollars??
badkharma
Member
Originally posted by dicemanj
Good luck with it. I am starting to venture into futures, and they seem a little more interesting, with a slight more risk.
Don't do it! My first position out of college was a commodity trader/broker - I did it for a few years. I saw the !@#$ that goes on, so I got the hell out. If you do do it and trade your own account, don't pay over $8/round-turn - in futures, commission WILL and DOES make/break a trade. There are firms that charge over $250/ round turn - most are $50-100. And that's per contract. Play very conservatively - I've seen people lose their entire portfolio's in a week because they were overleveraged and too dumb to place stops or use options for protection. On a really fast day, the market can blow right past your stop - like a limit down/up move. There were a ton of live/feeder cattle people rejoicing or killing themselves when it was locked limit for over 2 weeks back when the mad cow thing started in Canada. One client with another broker was on the wrong side and had to sell his vacation home that he's owned for 8 years just because he was on such a large margin call. And he had stops, too. All that being said, be careful - and if you strike a good trade, bail out. For most people, it only comes around every so often in futures.
If you don't want to play AS risky, there are always futures options. Unless you write them - you'll know that the most you can lose is what you put in. And they ARE more expensive than stock options - a good out-of-the-money option in the futures markets will run several hundred dollars, to several thousand - depending on the market and time left. Stock options are usually $10-100 for good out-of-the-money's.