2007-07-29 12:37:10 · 4 answers · asked by THE 2 in Business & Finance ➔ Personal Finance
The actual math is the same as what you do in 5th grade. The analysis is a separate question. Show me anyone that has made enough money to eat for 5 years from day-trading, and I will show you someone that makes money teaching others to day-trade.
2007-07-29 13:08:22 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
not so much math as it is technical analysis. They analyze charts and look at things like volume, candlesticks, etc. They want you to think they are using math, but its nothin more than addition, subtraction, mult and div. These guys can make a lot in one day, but it is always risky and high stress.
2007-07-29 19:40:37 · answer #2 · answered by Dan S 2 · 0⤊ 0⤋
Yes. If they sell 1000 shares at $1 each more than they paid, they quickly calculate they made $1000 profit.
After some practice, you too will be able to do it.
2007-07-29 19:45:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Position size is crucial --- this probably requires a working understanding of averages, statistics, and probability.
The discussion is too long for this space ... so read Van Tharp ["Trade Your Way to Financial Freedom", 2nd ed.] for a good introduction.
GL
2007-07-29 19:46:29 · answer #4 · answered by Spock (rhp) 7 · 0⤊ 0⤋