What is needed to day trade from home effectively, if this is possible?
2006-10-30 05:08:58 · 4 answers · asked by martin h 6 in Business & Finance ➔ Small Business
My father did daily trading from home. Unfortunately in his experience it did not go very well.
I know he needed at least 5,000.00 put into his account in order to trade daily. He did like the daily trading though. In daily trading, you have to be sure you are keeping up with the stocks you are investing in. It is very time consuming however it is only open from 9am to 5pm so you really aren't working after closing bell. I would recommend it if you know your stuff. It of course is a risky business but can be very profitable if you have done your homework.
2006-10-30 05:29:38 · answer #1 · answered by Keith Perry 6 · 0⤊ 0⤋
1
2016-12-24 22:49:28 · answer #2 · answered by Anonymous · 0⤊ 0⤋
From a practical standpoint, it is a good job if you're very good at it. However, it's extremely demanding, stressful, and reliant on your knowledge of the markets (macro & micro).
2006-10-30 05:14:08 · answer #3 · answered by gene177 2 · 0⤊ 0⤋
You look like you might be a pirate and I don't really recommmend pirates being involved in day trading...
2006-10-30 05:17:59 · answer #4 · answered by Anonymous · 0⤊ 1⤋