what tips does one have for day trading?

Answer 1

If you are serious about trading, get trained. There are good training resources out there. Try http://www.wealthconfederation.com/

Practice practice practice... open a demo account with a trading house and trade the demo account (not real money) for six months and learn what can happen.

Try: http://www.chspreads.co.za for a free demo account.

Once you have been trained and have practiced then you will be able to tip yourself.

Answer 2

So..
I've been trading the market for just a few months. My cousin actually told me about this website ( http://pennystocks.toptips.org ) and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.

For more info: http://pennystocks.toptips.org
Hope it helps.

Answer 3

Found this on the web, which you may find useful not only for daytrading but as a general guide line for all sorts of investing.


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10 Winning Investment Tips



If you have any experience with trading or even if you don’t, here are some tips that I have learnt from one of the roughest schools in life. What school would that be? Why that would be from the school of hard knocks. Yup, the lessons learned were painful and expensive but the lesson got across very well. So hopefully, this report will save you the pain and financial lessons I had to endure.

If you have been trading or planning to start and have wiped out an account, don’t be disheartened. I know I pretty much wiped out a trading account when I first started, now I’ve developed a system where I make a consistent 100% annually. You see most of the successful traders we know have loss their entire account at least once before learning from their mistakes and start consistently turning over a profit on an annual (daily, weekly or monthly depending on your trading styles and goals) basis.

1. Don't open a trade just because it is cheap. The only reason to open a position is when the underlying security looks set up to make a decent move.

2.When you open a trade, start looking for signs that you were wrong. If you see them, then get out before your stop loss is executed.

3. Good trading should be boring, like doing the same thing over and over again. If there’s one thing I guarantee in trading, it’s that "thrill seekers" or adrenaline junkies get their accounts grounded into tiny bits and pieces.

4. Always be in control and aware of your own sea of emotions. Every trader’s downfall will come from not being able to control your emotions. If you are screaming at your computer screen, begging your stocks to move in your favor, you have to stop and ask yourself, "Is this rational?" Ease in. Ease out. Keep your stops. Don’t scream and shout.

5.The turning point of when amateur traders turn into professional traders is when they stop searching and hoping for the "next great technical indicator" and start managing their risk on each trade.

6. Trading is simple, but it isn’t easy. If you see yourself having a future in this industry, forget about "hope" and stick to your stop loss.

7. You are buying and trading on the emotions of other traders, not the actual stock. You have to be aware of the human psychology and emotions that constitute trading.

8. Always remember, trading is supposed to be a business. So treat it like one by not letting your emotions get in the way, stick to your stop loss.

9. If you come into trading with the idea of making “big money overnight,” you’re better wake up and smell the coffee. Most accounts have been blown because of this “account killer” mindset.

10. Beware of your number one enemy, yourself! If you start to get too excited, beware! As excitement clouds your judgment, it starts to increases your risk.

Cheers & Happy Trading!

Brian Lee


The Above Article May Be Used Freely As Long As It Is Unchanged & The Resource Box Below Is Included:
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By Brian Lee
http://www.elitemarketeer.com
Brian makes his living as a full time trader and coach
Find out more about online option trading

Learn How I Make 100% Returns annually! Get “47 Tips To Guarantee Trading Success” Totally FREE At
http://www.elitemarketeer.com

Answer 4

You are going up against the best and the brightest on Wall Street, I think Vegas has much better odds.

I do like Cramer of Intermediate Plays,
I try to play the Santa Clause Rally.
Oil is undervallued.
But every other job makes you money while 90% of day traders lose it all!!!

Answer 5

If you're asking on Yahoo! Answers, you're in trouble. Stay away from day trading unless you're willing to lose lots of money at first and devote all of your waking hours to it.

Answer 6

,day trading will bite you quick,i swing trade ,some time i may have to wait a day or so to realize a profit,at the end of the day, day traders are lined up trying to get out,if you cant get out the sudden selling will knock the stock down ,and your left holding the bag,

Answer 7

you're able to desire to accomplish a sprint study. it is relatively, very, very risky. i'm hoping you have a 365 days's relatively worth of residing expenses in reductions (no longer the marketplace), no mastercard debt etc. There are day figuring out to purchase and merchandising sites yet relatively, maximum folk do no longer make money at this....good thank you to lose your capital.

Answer 8

don't do it 90% lose money

the 10% that do end up losing with in 3 years.

so you are almost guaranteed to lose.

Answer 9

Just one tip - DON'T DO IT

Answer 10

stay away from it, most likely you will lose your @ss