[ Investing ] Open Question : I have a question about stocks and the market. New guy and I make money..?
I am super new to the game. I started with Scottrade with 10k .. 7 bucks a trade.. They seemed shocked and or judged me when I slapped my 10k cashier check down. I got into NFLX when it was at 72.. up and down caused me to lose about 600.. I got out.. I heard it was going to hit 150 .. So it did great and went back to 100 at one point. I had to get out because it was too much risk as far as it could of lost a bunch. I have been watching WEN.. BAC. then I heard of SHLD and seen it drop to less then 30 a share and wanted to get in but was scared it could drop lower after the 120 store closer. Now SHLD jumped to over 50 a share.. I know I lost. I lost on NFLX..I know. I lost on BAC.. I have been told one thing from my father which is not in the stock market at all. He said "stay away from government stocks".. I jumped into GLW and it brought me back out of a loss and into a positive of ..lets say 10,600 for now. How does this work.. I see it jumps up and people sell.. I can easily buy and sell this stock GLW.. each day for a profit. most the time. However I did it one time and I got a call from Scottrade and they said I got 1 mark for trading without settling funds. Something about 3 days.. Then I asked how do I buy and sell whenever I want.. I want to know how to Buy and sell that same day and do it over and over again. Day after day.. I think they told me if I put another 10k into it I could trade/buy/sell as much as I want. Should I be somewhere else or is there a company that is better.????
Source: http://answers.yahoo.com/question/index?qid=20120124015921AALQ9be