It was a flat day in the stock market today. Major indexes are holding their gains so far this week. We had 7 stocks alerts for day trading: 6 longs, 1 short
- 3 wins: $ABX $VLRS $PACB
- 3 evens: $NVAX $AA $BAK
- 1 loss: $ZIOP
Stock Market closed at: DOW +4, SP -2, NASDAQ -2.
Stock Pick: VLRS Type: Long (buy) Price: $17.70
So what’s the recommended account size to start with, or the min recommended size account?
A pattern day trading account would require a minimum of $25,000 account size per the regulations. You can trade will smaller account size if you fall outside of pattern day trading rule. A quick search will provide all the details.
Warriortrading has said that they are unable to provide past performances. I recently got my international account activated by SureTrader but getting an account activated by OptionsXpress as well. I successfully trade Forex through a tried and tested fund manager through HotForex. And currently looking for a platform that can be successful for stocks trading as well, as said I am okay with risk and losses provided the win ratio is more. I like your picks they are great and had few queries.
1. You usually trade in stocks that are below $10 and not penny stocks, right?
2. Text alerts won’t work for me as I have an India’s number. So what’s the difference between Lite and Advanced?
3. To test the waters, I would like to start with a small account of just $100 or $200 and as results are positive will invest more, so do you recommend this kind of setup? Because you list volumes as well hence.
Hi,
1. Our stock picks range from $7 to $25. It might change depending on market conditions in the future.
2. We provide Text alerts internationally. We can send Text alerts on your Indian phone number. With Advanced you get real-time alerts by Email and on the Dashboard. With Lite you get delayed alerts on the Dashboard only.
3. For trading stocks you might need a bigger account.
I have couple of questions. You’re alerts are good, but why didn’t you alert about KBIO which had an awesome success. I am actually looking through couple of services and very confused as to whom to go with seeing that all are good this includes estockpicks, jasonbonds, pennypro, topstoppicks.
Hi Tushar,
That’s an excellent question. Until Wednesday KBIO was trading under $2.50 and it suddenly sky-rocketed on Thursday by 400%. Stocks like these have very high risk to reward ratio. Our algorithm would not pick up on such price action. There are so many other opportunities in the market.
In addition to services listed above you might also want to look into warriortrading. We encourage you ask them all to disclose their past daily stock picks and performance.