How to trade QQQ Or SPY using margin of $100k?
#1

Each lots is sell at $500/$600bucks. I can only buy 500 shares instead 2000 shares using margin $100k

Any other ETF like QQQ/SPY but cost only $50. Then I can buy 2000 share?

Pls advise
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#2

Trade their options...If u know Big Grin

Can die fast too


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#3

(24-03-2023, 03:49 PM)limpeh394 Wrote:  Each lots is sell at $500/$600bucks. I can only buy 500 shares instead 2000 shares using margin $100k

Any other ETF like QQQ/SPY but cost only $50. Then I can buy 2000 share?

Pls advise

Don't understand why it maters whether you buy 500 or 2000, if total is $100K anyway???

Don't see the difference when total amount  is the same

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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#4

(24-03-2023, 04:02 PM)sgbuffett Wrote:  Don't understand why it maters whether you buy 500 or 2000, if total is $100K anyway???

Don't see the difference when total amount  is the same
Say a normal stock now at cost $50 U can buy 2000 shares. It goes up to $51 or 2% on the same day. U could made $1x2000 = $2000 the day.

But assume QQQ cost $500,  u can only buy 500 shares.  the problem with QQQ/SPY seldom goes move 2% daily
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