HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
The way I've been looking at it, especially in light of the ups and downs of the market lately, is that if you're going to day trade
on moviestocks, don't try to ride the bandwagon too much. That's where you get burned by the commision. If a stock is up 2 dollars for the day and is slowly inching up, if you buy in, most of the times, it won't go up enough to cover your commision. And maaaaany times, the stocks that are in the Top Movers of the day page end up reversing on the next day, so if you buy in on a stock going up and only see a 1% gain, in all likelyhood, you will see that gain lost the next day as people sell/short.
It's ok to daytrade on moviestocks, as long as you make sure your profits on a stock are more than 2% to cover the commsion of buying and selling the stock. Also, think ahead of the curve, anticipate. If you think a stock might reverse positions the next day, don't wait for the next day to sell/cover or reverse your own position- wait for what you think is the peak/bottom on the current day and then reverse.
P&L Question Mar 02, 10:53
well theres a 1% commission on every trade. are your gains making that much Mar 02, 11:59
Your name is creeping me out haha [nm] Mar 02, 22:45
Day trading eats up lots of commissions Mar 04, 09:32
Re: day trading Mar 06, 18:11
The way I've been looking at it, especially in light of the ups and downs of the market lately, is that if you're going to day trade Mar 07, 11:50