what is day traiding and is it a good way to approch the stockmarket?

Question

Know of any good companys i can trust online?

Answer 1

A daytrade is: a buy to open and sell to close of the same security in the same day. Meaning if you bought some Microsoft today and sold it today, that is 1 daytrade. Daytrading is high risk and pretty much educated gambling more than investing. Long term investing is a less risky approach to the stockmarket.

Things you should know: if you do 4 daytrades in a 5 business day rolling period (any touching 5 business days ) than your account is coded a "Daytrader Account" (under NASD Rule 2520 & NYSE Rule 431) and your broker is going to require a min account balance of $25k. If you stay clear of that rule, you won't be coded a DT account.

Answer 2

I think day trading is a scheme to get people to spend more on commissions. I don't believe in long-term holding either. I think you find a good investment idea. Find a good stock with growing revenue. You buy it, and then give it a chance to move up or down.

For investment ideas, first see what the best traders are buying and selling and why. http://www.top10traders.com is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

Answer 3

Day trading can be very risky. However, it can be very profitable, very quickly. From my understanding, it involves buying and selling stock on a daily basis. What I mean by this is a day trader may not hold stock for an entire day.

If you know the market already, and think you can read the signs, it might work out.

Answer 4

You seem to be a beginner in stock market investing. Plz don't start with day trading. It is for the savvy investors. Start with long term or medium term time frame and learn the ropes by reading good books.

Answer 5

In India, there are lots of on-line brokers - the more trustworthy ones are ICICI Direct and Geojit Financial Services ltd.

Be prepared to lose money if day-trading!!

Answer 6

Day trading is a very risky business and remember initially everyone has to give losses.

Answer 7

day trade with technical support only with stoploss

visit blog

Answer 8

1) You buy and then sell Microsoft today.
2) No.