Problem:
For this module, try your own luck at short term trading, Go to E-Trade or another online brokerage and use some of your imaginary $894,000 to buy some shares of a stock that you think will go up in the next day or so. If you invested the entire $894,000 already - sell some of the securities at today's market price in order to have at least $50,000 in cash to get into the 'day trading.' Sell the stock with which you 'played the day-trading game' by the end of the module and you may use the money left from this exercise to buy back the same securities you sold in order to obtain the money to play the day-trading game.
Q1. How much did you spend, including transaction fees?
Q2. How much did you gain or lose when you sold this stock? Take transaction fees or commissions charged by your broker into account. Add or subtract this from your $894,000.
Q3. Based on your analysis and findings, what would you recommend to other day traders and investors? Would you suggest other investors to enter in the day trading market? Please explain your reasoning.