aaaa12345
The backyard is where it's at! Here are 6 new water and yard toys to amp up the fun this summer.
If your Summer 2020 plans do not take you far from home, hit up the backyard! There is plenty of fun to be had, and with the right equipment, this year will be one to remember. Break out the water toys and the yard games for the summer of the backyard.
Studio 5 Producers Stephanie Bryson and Mindy Dunyon share new finds for 2020. Stephanie shares three of the best inflatable water toys, and Mindy shares three yard toys that will make your backyard a place the whole family will want to hang out.
Whamo Super Slip 'n Slide, $99.99
*Out of stock online. Check your local store.
Studio 5 has affiliate relationships, so we may get a small share of the revenue from your purchases. Items are sold by the retailer, not by KSL. All prices are subject to change.
Is it bad practice to invest in stocks that fluctuate by single points throughout the day?
Its hard to write much in those comment boxes, so I will just make an answer, although its really not a formal answer.Regarding commissions, it costs me $5 per trade, so that's actually $10 per trade ($5 to buy, $5 to sell). An ETF like TNA ($58 per share currently) fluctuates $1 or $2 per day. IXC is $40 per share and fluctuates nearly 50 cents per day (a little less). So to make any decent money per trade would mean a share size of 50 shares TNA which means I need $2900 in cash (TNA is not marginable). If it goes up $1 and I sell, that's $10 for the broker and $40 for me. I would consider this to be the minimum share size for TNA. For IXC, 100 shares would cost me $4000 / 2 = $2000 since IXC is marginable. If IXC goes up 50 cents, that's $10 for the broker and $40 for me. IXC also pays a decent dividend. TNA does not. You will notice the amount of cash needed to capture these gains is roughly the same. (Actually, to capture daily moves in IXC, you will need a bit more than $2000 because it does not vary quite a full 50 cents each day).At first, I thought you were describing range trading or stock channeling, but those systems require stop losses when the range or channel is broken. You are now talking about holding forever until you get 1 or 2 points of profit. Therefore, I would not trade stocks at all. Stocks could go to zero, ETFs will not. It seems to me you are looking for a way to generate small, consistent returns and you are not seeking to strike it rich in one trade. Therefore, buying something that pays a dividend would be a good idea if you plan to hold forever while waiting for your 1 or 2 points.In your system you are also going to have to define when to get back in the trade. If you buy IXC now at $40 and it goes to $41 and you sell, do you wait for it to come back to $40? What if it never does? Are you happy with having only made one trade for $40 profit in your lifetime? What if it goes up to $45 and then dips to $42, do you buy at $42? If so, what stops you from eventually buying at the tippy top? Or even worse, what stops you from feeling even more confident at the top and buying bigger lots? If it gets to $49, surely it will cover that last buck to $50, right? /sarcWhat if you bought IXC at $40 and it went down. Now what? Do you take up gardening as a hobby while waiting for IXC to come back? Do you buy more at lower prices and average down? Do you find other stocks to trade? If so, how long until you run out of money and you start getting margin calls? Then you will be forced to sell at the bottom when you should be buying more.All these systems seem easy, but when you actually get in there and try to use them, you will find they are not so easy. Anything that is obvious, wo not work anymore. And even when you find something that is obvious and bet that it stops working, you will be wrong then too. The thing is, if you think of it, many others just like you also think of it... therefore it can not work because everyone can not make money in stocks just like everyone at the poker table can not make money. If you can make 1% or 2% per day on your money, that's actually quite good and not too many people can do that. Or maybe its better to say, if you can make 2% per trade, and not take a 50% loss per 10 trades, you are doing quite well.If you make $40 per trade profit while working with $2-3k and you do that 50 times per year (50 trades is not a lot in a year), you've doubled your money for the year. Who does that on a consistent basis? To expect that kind of performance is just unrealistic. It much easier to earn $2k with $100k than it is to double $2k in a year. In stocks, money flows TO those who have it and FROM those who do not . You have to plan for all possibilities, form a system then stick to it, and not take on too much risk or expect big (unrealistic) rewards.DaytradingYou make 4 roundtrips in 5 days, that broker labels you a pattern daytrader. Once you are labeled, its for life at that brokerage. If you switch to a new broker, the new broker does not know your dealings with the old broker, therefore you will have to establish a new pattern with the new broker in order to be labeled. If the SEC were to ask, the broker would have to say 'yes' or 'no' concering if you established a pattern of daytrading at that brokerage.Suppose you make the 4 roundtrips and then you make a 5th that triggers the call. The broker will call you up and say you either need to deposit enough to bring your account to $25k or you need to never make another daytrade at that firm... ever! That's the only warning you will ever get. If you are in violation again, they lock your account to closing positions until you send in funds to bring the balance up to $25k. All you need to do is have the money hit your account, you can take it right back out again. Once your account has $25k, you are allowed to trade again.... even if you remove $15k of it that same day. If you trigger the call again, you have to send the $15k back in, then take it back out.Having the label is not all bad... they give you 4x margin. So with $25k, you can buy $100k of marginable stock. I do not know... that could be a bad thing too. You could get a margin call at the end of the day for owning $100k of stock when you are only allowed to own $50k overnight. I believe that's a fed call and its a pretty big deal