Any day traders here?

[krzr3000]

I've recently signed up for scottrade and have been keeping track of a theoretical portfolio. Its quite interesting, not sure i would get into day trading though...maybe swing trading.

 

[rmorse]

Look up old news stories about uninformed day traders, they were the ones committing suicide...............not something you can just start out and plan to make money.

If it sounds too good to be true..............

Yay for another happy and optimistic post from Reverse!

 

[rmorse]

be careful..............

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2004/10/19/BAG4G9C64S1.DTL

lots of stories out there similar to this one, you get caught up in that legalized gambling pretty quick.

Did you actually read your own link? It clearly says he already tried committing suicide in high school, and described himself as "dark and moody."


Find an article that talks about a well-adjusted person committing suicide from day trading.

 

[armac]

Yay for another happy and optimistic post from Reverse!

Day trading is great and it is for everyone, you will make tons of money. Nobody loses, not even economics graduates. After all economics is the most sought after dgree outhere, every bank has tons of economic grads working fo them!!!!!!!!!!!!!!!!


Sound better morse? You like that

 

[armac]

Yes you may/can make money trading. I do it day and night. You may lose it all, though, in the blink of an eye, if you're not careful and vigilant with your trades.....and you need the capacity to stay focused and collected through bouts of euphoria and depression during the course of your trading activities. You'll probably need to be right at least 60% of the time to remain ahead on your trades.

Try practice trades first before plunging in. Many financial sites like CNBC, Bloomberg, Yahoo Finance, The Motley Fool, among many lets you track real or imaginary portfolios for free.

You cannot day trade at night, you are playing on the incremental increases that you see as a stocks adjusts upward, you buy in then jump out sometimes within minutes. It is not stocks that you stay in even overnight. If you are playing at night you must be active on the European and Tokyo markets. Or you do not understand day trading.

Also one key to effective day trading is having a super fast internet connection, not a conventional home connection, maybe a T1, and trading apparatus. You must be able to execute trades and sells instantly. If your mechanism to execute trades is not lightening fast, do not even attempt to win regularly. There are 'trading rooms" out there where real day traders work, they have the tools to buy and sell instantly and that will inversely effect anybody who cannot keep pace with them. Then you have institutional traders that can influence a stock in seconds, once again you have to have an agile trading mechanism to be able to stay ahead of the downturns in a stock.

Reality morse, you need a shot of it every now and then.

 

[CichlidPharmer]

It's always day somewhere in the world But I prefer the HK and US markets whose times are the exact opposite at this time of the year. When Daylight savings time ends HK goes ahead 13 hours.