I heard a few of my coworkers buzzing about this one, while they played around with it on their iPhones. One had bought a single share of MSFT, which he would check daily and tend like a private garden, and the other was playing around with penny-stocks, where he had scalped a few pennies off some shares of a broken-down company called "Wetseal".
The logic of speculative trades, especially with small trades and low-end equities, changes mightily when you remove even an $8 commission from the math. I can now buy a stock at .04, sell it for .05, and book a clean 25% profit from the trade. I just need to be square with Uncle Sam at the end of the year so the Modern Monetary Theory guys don't sic the Marines on me.
This looks like a lot of fun to me, so I've opened an account for trades in Deflation Land.
|One hundred dollars!|
Once this clears, I'll start investing in the America and posting trades here from the account. Of course, it will be most likely UVXY and XIV plays back and forth, because these are ETFs which I enjoy playing elsewhere.
No, I can't trade options, not yet, at any rate. Wouldn't that be something?
And if the little fledgling Robinhood.com is swallowed up in the fire of a derivatives meltdown, whether of their own or someone else's making, hey, it's only a hundred bucks.
It's like I'm buying the blog a cashmere sweater or taking her out to dinner.
So let's trade!