does anyone know a good website for daytrading stocks?

Question

i am relatively new to datrading

Answer 1

Yes, we get a lot of unclear questions from people that are "relatively new" to trading. Your question could mean that you are looking for "advice" on daytrading, or "help" on daytrading. One of the first things every "trader" must learn, is the time frame that suits your personality. It may or may not be Day Trading. Learn to trade first, then choose a time frame.

I think you are looking for an online broker, yes? You are looking for a "place" to trade, yes? Like the other answerer here, it is common for most people to think a broker to be important.

As a trader, I'll try to explain what is most important, so bear with me, but it has nothing or little to do with which broker you choose or how much you pay in commissions.

Trading is about taking consistent high probability trades often, and moving to the next trade. Is your broker going to help you do that? No, but the wrong broker can definately inhibit you.

They all claim to give you Direct Access; hogwash. If you click the Buy button, and your trade takes longer than half a second to execute, it ain't Direct Access.

Brokers and commissions are all so similar now, will it inhibit you if the rates are $2/trade higher? No, it shouldn't. I would gladly pay double commissions if I can make twice as much money, or get better executions, or less slippage, or see clearer what I'm doing.

Multidimensional trading requires a wide range of view that allows for other possibilities and tools that will help confirm and defeat ideas you have. Trading with a narrow focus of any one style is not advised. Once you learn how to trade, you can trade anything.

The most important tools to you, as a trader, is your charting and analysis software combined with a trading platform.

Whether you are trading stocks, commodities, currencies, futures, options, or all of these, TerraNova is the only one that you can trade everything, real time, online, direct access.

Find the articles online that have evaluated and compared online brokerages, or look in the trade magazines. I found a good one online in Barron's.

This is worth putting a little time and effort into, because it's a pain to switch, so once you choose, you're kinda stuck with it.

Townsend Electronics, the Parent company of TerraNova, is the one that digitized and electronified the Nasdaq. They are technological industry leaders and have a powerful and well built trading system.

I use RealTick at TerraNovaOnline, but it costs $275/mo to lease. I think the Investor package is free to use, and just uses one screen.

What you should try is a free trial of their Investor platform. You only get one window to trade from. Their rates are good also, but of course, it depends on how often you trade. It will take you months to learn all the bells and whistles of what this program can do.

The other top-of-the line program is TradeStation, but it costs big bucks to join and operate. Some people consider it the Cadillac of trading and technical analysis.

TerraNova is the home of the Day Trader, so they think nothing of you making several hundred trades a day. You don't have to do that, but it's okay here if you do.

Good luck to you.

Answer 2

I started working with penny stocks less then one year ago and I think it's great! There are a lot of opportunities to make big money, you just need to find them!

At the beginning for me was really useful the support of this method http://penny-stock.keysolve.net

It's a simple course that will teach you how to move your first steps and how to grow fast in this buisness.
I will tell you how was my first experience:
I started with a lighting technology company that was overdue a breakout from 75 cents.
Just two weeks after I alerted my subscribers… that breakout arrived! A 362% return later and the stock had risen to $3.47 cents…
Turning my starting stake of $1,000 into $4,625, and it was just the beginning!

Answer 3

When I signed up to do on-line trading I had to prove my identity with documentation and sign secret forms pledging the lives of my pets & my children, well, not really the last part. But you do have to sign up under a broker or with a firm like Scottrade or Ameritrade (as far as I know). I signed up with Scottrade. A minimum of $500 invested and online trades are $7.00 - Listed & NASDAQ orders. Options ae $7.00 + $1.25 per contract. Pink Sheet or Foreign Stocks are $27.00. But Stocks under $1.00 add 1/2% of principal. I am interested in your question also, so I will be paying attention to the answers you get!