I’ve seen a lot of day traders who’ll be glad to tell the story about how they made 113k in 4 days or whatever. Whoopee for them. They don’t brag about the time they lost 113k in 4 days though. And don’t forget Uncle Sam gets 1/3 of whatever profit you eke out.
The money must be in the brokerage account because that is where the trading and risk is occurring. These funds are required to support the risks associated with day-trading activities. It is important to note that the Securities Investor Protection Corporation (SIPC) may protect up to $500,000 for each customer’s securities account, with a limitation of $250,000 in claims for cash.
AddIns Best Credit Cards For College Students Participate in medical studies. If just the thought of this frightens you, know that the intensity of such studies varies greatly. Some studies ask participants (particularly those with medical conditions) to test treatments or medications that can have adverse side effects, but others ask participants to perform physical tasks with no lasting effects. If you are able-bodied and paranoid about keeping it that way, you can even participate as a control in a study at a nearby medical research facility or medical school.
Quarterly Outlook NEXT BLOG In a pillowcase? It’s not earning you any interest in there. In a checking account? Probably not doing much for you there, either. Even if you keep it in a high-interest savings account, you’re probably only earning around 0.05% on your balance.
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Price is going to do what it is going to do regardless….of what you do. Most of us can not directly influence the outcome of any trade but there is something we can easily do.
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