penny stock virtual trader
Can you trade the same stock over and over?
I’ve noticed that a lot of people on the virtual stock games I play online will often trade the same stock over and over, buying and selling up to six times each in a day (often Google, Netflix, Apple). Several of them are returning 25-75% each month as a result. Is this allowed in the actual stock market, or is there some sort of regulation regarding it?
Yes, yes, and no.
Yes, you can do it legally.
Yes, there are regulations concerning the practice (look up “pattern day trader”).
No, you cannot make money in the long term doing it without massive resources (millions)…and even with millions you will not, likely, sustain your gains unless you have direct market access as an insider. (That is, the only way to reliably make money doing this is as a broker with access to the bid/ask flow…making pennies per trade on millions of shares)
Upcoming Virtual Epic Stock DD Penny Stock Trader Convention