Day Trading?

Question

How do you go about day trading?
What are the most important factors, and what do you use for trend analysis in day trading?

thanks

Answer 1

Day Trading is real tough and can be a BIG loser...BUT people do manke money if they do it right...this means a lot of research on technicals but mainly the NEWS! The news is the major technical killer. Most technicals changes because of news...or they show promise based on trader psychology. When you get more advanced check out http://www.daytradegaps.com , but for scanning the entire market and finding stocks to watch for day trading, check out http://www.consensustraders.com . These seem to cover both advanced people and newbies.

Answer 2

DO NOT try this unless you learn the markets first. I have been trading for a couple years now and unless you have money to burn, LEARN FIRST! You would be best to pick up some books and "PAPER" trade first. DO NOT invest money. Also you need to look at the factors as to WHY do you want to do this. Did you lose your job? You looking for a "part-time" gig? Are you looking to change careers? All may seem very inticing, but you can take a huge beating by getting into it without LEARNING first. Do all you can to soak up the market info you can. READ READ READ. Than open an account with a broker with very little money just to get the systems on your computer, Scottrade has a great platform for this. Go visit a trading room. You will be shocked. Not everybody has the stomach for this. In the first 4 months I lost over $40,000 OUCH! and i was an IDIOT! Don't do what I did. I thought I knew how. LEARN FIRST. Paper trade and see how you like it. It's a very fast game and very VERY VOLUTILE. The bright side. I now have very very good days. $1500-3000 UP and an occassional bad $200-1000 DOWN

Answer 3

Day Trading?

Answer 4

Trend analysis is a scam. It was proven in the early 1900s that stock prices contain no information that can be used to predict future price changes

Statistically you will make money day trading, because on average every market participant makes money. But the averages hide massive volatility. You will also incur huge transaction fees which eat into your profits, and all of your gains will be taxed at your highest marginal rate. You would be much better off buying and holding.

You should also consider using leverage via options to preserve your capital and improve your efficiency.

Answer 5

You are going to want to read A Beginners Guide to Day Trading Online. It isn't as easy as it sounds.

Answer 6

I don't.

Only a small percentage of day traders make money. But if you want to get ulcers in a hurry, you can look at the 1 and 2 minute charts and try to skim a few cents off thousands of shares.
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Answer 7

You need an on line broker. However, before you consider this you need to remember that day trading can be risky and very expensive. We have done tax returns for day traders and they have lost lots of money. You can not time the market.

Be careful and check out the quality of the companies.

Answer 8

You reported - "Please for the affection of god do not advise "day figuring out to purchase and merchandising for babies" or something like that. i'm youthful yet i'm not stupid and that i don't think of such books could succeed to me." nicely the 1st element you will desire to get previous is your resistance to studying. i will learn from very very nearly something, regardless of if this is purely a assessment of fundamentals and one new nugget. soliciting for help and then telling human beings the way that might assist you and what you will not examine seems to me such as you would be a confusing pupil. the terrific investors do not enable their preconcieved notions interfere with their figuring out to purchase and merchandising or studying. figuring out to purchase and merchandising is counter-intuitive. FWIW, i exploit innovations slightly, yet they don't healthful my character as a short term figuring out to purchase and merchandising automobile. I want undemanding directional trades. shares are ok, yet you want some substantial capital to make funds and shorting would nicely be a situation. distant places funds has its own subject concerns. I often commerce futures on a each and every day foundation.