Re: day trading question

shirley you can't be sirius

<acannell@xxxxxxx> wrote in message
news:1135284809.401251.230090@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
> Okay I am just getting into investing in stocks and I have a question.
> I am trying to "verify" my understanding of some things, and I just
> want to make sure I am seeing things correctly here. So here is the
> scenario:
>
> lets say I have $50000 to invest and I buy Sirius (SIRI) at 8am. So
> thats $50000/$7 (SIRI right now) so 7142 shares. Then, I wait for SIRI
> to go up say 20 cents. Then I sell all 7142 shares and makee 7142*0.2 =
> $1428 profit. Is this correct? (exluding comission of about $25 for
> sharebuilder.com and capital gains taxes).
>
> Okay now two things could happen after I plunk down $50000 at 8am.
> Sirius might not go up at all and might continue falling to zero or
> simply fall 1 cent and stay there for weeks or centuries and I never
> make any money.
>
> BUT: I think Sirius is a good long-term (years) investment and even if
> my little day-trading scheme doesnt work out in the short term I would
> still want to invest in Sirius for the long term anyways and let my
> $50000 stay there. So either way I "win". I.e., if my day trading
> doesnt work out I am happy leaving my money in Sirius anyways with the
> idea that it will eventually grow long term. And if Sirius does go up
> in a few hours or days I can sell and make money short term.
>
> Is all this accurate? It seems like a great way to make money. What you
> do is:
>
> find a company who you would like to invest in for the next few years
> and feel confident will grow (conservative investing) AND is also
> somewhat volatile and liquid so that you can play day-trading and sell
> fast if it goes up a few percent and make money that way. so you only
> lose if the stock just goes down forever and never recovers, which
> shouldnt be THAT hard to avoid.
>
> Is my thinking correct here?
>


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