We all know that day trading is risky. Has anyone out there made good money day trading(long term)? Tell us about yourself. How you learned, how much you make, what programs/software you use, and advice you have for anyone who is interested in getting into it.
2007-02-09 06:26:34 · 4 answers · asked by Triple Nipple 1 in Environment
My brother made $6000 in 2 days -- now ask me what he LOST later that week?! LOL!
I just watch him on the seesaw and realize I'm not cut out for it. Longterm, he made a bit, but not enough to stop working, and he has since given it up.
2007-02-09 07:33:32 · answer #1 · answered by Yahzmin ♥♥ 4ever 7 · 0⤊ 0⤋
I am day trading at the moment . I am long cable at 1.9580 (Sterling /dollar) it was a **** trade but it has recovered from the days low I think itll bounce back after the weekend. Im gonna ride it bare back. You can make money but heres some tips watch out some market makers will apply big spreads and just have some experience in trading start small you will see how difficult it is .
Dont try to buck atrend It usually goes the other way. try to wait till the market has some momentum then join the ride and dont be afraid to get out and take a small profit even if there is more in it.
If you get one that goes your way . pat your self on the back but your not gearge soros yet. good luck!
2007-02-09 06:37:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The companies taking your trades make the money, and the authors of the books make the money.
The average return for long-term trading is 21% or so.
The average return for day trading is only 11% or so. (Percentages are from 6 months or so ago.)
2007-02-09 06:30:52 · answer #3 · answered by H. Scot 4 · 0⤊ 0⤋
i lost three years of my income day trading it works both ways someone has to lose for someone to gain be careful
(i dont trade anymore)
2007-02-10 02:18:59 · answer #4 · answered by jester c 2 · 0⤊ 1⤋