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Old 03-18-2009, 09:03 AM
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Ahh The Tech bubble! I was day trading the bubble for about 6 months. Had a account with Brown and the fee was $5 for a market order and $10 for a limit. I was trading Corning Glass mostly. it was trading around $150 and I was buying/selling and shorting 200 shares at a time. I would trade when I had a profit of $100. Some days I would trade 8-10 times a day. I took my original stake from $25,000 up to $140,000 in 5 months! Lost all but $3,000 of the profit when the bubble burst. My health suffered too. Risking $30,000 a trade to make $100. Insane. Corning went from $175 to $4-5 in about 3 weeks. I kept a very accurate log of my trades on quicken and when I took my information to our CPA I had made over 1200 trades in 5 months! Now I only buy and hold. Only selling losers to cover any gains I may have to take.