Want to make some quick money today, In and out with a stock. Any suggesstions ?

[Jonotastic]

Originally Posted by heydade

I want to invest 2k and buy at opening and sell at closing and try to at least make 1k. Any suggestions ? I have been out of the loop for quite some time.

Thanks

You can't day trade with $2000, you need AT LEAST $25,000 to have a full margin account. If you are extremely lucky, you might be able to make 2% or $40. I'm not joking, you would be lucky to make that much without having a margin account. The fact that you don't know this information already, tells me you aren't ready. If you want to gamble with $2000, choose CIT...it's going up and down 10%+ each day and has a lot of volume so selling isn't a problem.

[(901)]

Originally Posted by Jonotastic

You can't day trade with $2000, you need AT LEAST $25,000 to have a full margin account. If you are extremely lucky, you might be able to make 2% or $40. I'm not joking, you would be lucky to make that much without having a margin account. The fact that you don't know this information already, tells me you aren't ready. If you want to gamble with $2000, choose CIT...it's going up and down 10%+ each day and has a lot of volume so selling isn't a problem.

+2 on CITI

[LongArm]

First of all, everyone's correct in that the OP should forget about dreams of making 50% in a day. But with the obvious out of the way, a few clarifications:

You only need $2k to open a margin account.

Even with $2k in a margin account, you can still daytrade up to 3 times in 5 business days.

To daytrade more than that, you need at least $25k in your margin account.

In a CASH account (of any amount), you can daytrade all you like provided you're using settled funds (which often isn't easy, especially with a small account).