Is day trading this easy?
I have been paper trading and I have consistently been making between 12% to 25% profit everyday trading stocks usually priced below 1$. Is there any reason to believe I wont be as successful when and if I try to use an online broker and trade.
I have been paper trading with stocks priced below 1$ in the NYSE Nasdaq and others with a definite set of rules and watching live charts over the internet
Paper trading and actual trading are way different, in paper trading you would not worry if the price movement goes against you, but in actual trading people tend to cover up even when there is slight movement in the other direction, thought eventually it might become favorable.. Its all about nerves. Its a very risky thing and i don’t believe in charts since those are based on historical data while the stock market is all about the future.
How much does the stock exchange make per share trading stock .?
Millions of shares of stock are traded every day in the New York Stock Exchange. How does the exchange profit from doing this, do they get a certain amount per share? Watching television on a trading day at the New York Stock Exchange you see hundreds of people waving and screaming holding up little pieces of paper, what is this paper? Who are these people and how do they get paid?
Good question! They would get fees from participating members. They get money from dissemination of market data. Must be more but I don’t know!
How do you get stocks out of E*trade with out selling them? Do they issue paper stocks?
I used to be in an employee stock purchase program. The stock magically went in an Etrade account. Now I am being charged quarterly for the account. I don’t want to sell the stock as the value has fallen (and it’s my rainy day fund), but I can’t see paying etrade for a service I don’t need (ie sit and wait on stock). Can’t I get a broker to sell them down the road when I’m ready?
I don’t blame you. You can transfer the account to another discount broker (there is no taxable event using the correct forms) who charges less or no fees to simply hold the securities there. There may even be an option like that at e-trade. You can inquire with your them and your bank to find out bu the process is quite pain free – only have to fill out a couple forms and its done.
No, they will not allow you to hold stock in bearer form anymore.
How do you go about selling a paper Stock Cirtificate of share’s in a company?
I have 300 shares of a company in a cirtificate. But im used to trading through an online broker. I never had a paper stock cirtificate and was wondering how do i sell the shares.
As long as the certificate is registered in the same way your account is opened, Just send the certificate to your brokerage firm and they will deposit into your account.
On the back of the certificate, it will read I/We hereby sell…….
Put the name of the brokerage firm in there, sign the back of the certificate, (bottom right line) Write you account number on the front upper right hand top edge of the certificate and mail to the brokerage firm.
If you want you can send it registered mail, return receipt requested.
Once the certificate is posted to your account, you can either leave it there or sell it.
Point of information, all brokerage firms are registered broker/dealers and most provide on-line services, so there aren’t any “on-line” brokers.
How do we redeem stock from paper stock certificates purchased 11 yrs ago?
This was a present for a child that did not have an online trading account – it was from one company and we got the actual paper certificates which we still have somewhere.
Disney company – not a large amount
You can contact the company and ask for them to redeem those that you have
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