can you make a living day trading?

Answer 1

I'm not sure if I understand your question....
Are you asking if its possible to have a career in day trading?
Sure, you can be a stock broker...
Or
Are you asking, if you can make a living (support yourself), by trading stocks.
In this case, I would say probably not.
Even professionals that have spent their lives studying the stock market have trouble predicting changes. What hope does that give to an average person? Furthermore stocks are meant to perform well in the 'long run' and not from day-to-day.
I suppose its possible to make constant gain if you index the 'entire market', however it probably won't be enough to let you quit your day job.

Answer 2

Yes you can but it is a scary business. I did it for a while last year and lost a lot of money. I went into it blind. I am between jobs now and doing it again. So far in 3 weeks I made 250 week 1, 375 week 2 and 500 so far this week.
You need to start slow and learn from your losses. Also use the right trading account, I am using Tradestation now which is better then what I used before. It has fast execution speed for you transactions. The other one I used I lost money just because of the lag in execution. If you are serious get educated and pay to watch a pro trade.

Answer 3

You definatley can, people do this for a living. If you really study and research your stocks you can make more day trading then long term. Im a fairly new investor myself, im just a college kid, not even majoring in business. what i did was took a couse with investools and bought their programs. It really helps a lot.

But as far as day trading goes, you need atleast 25,000 in your account because they are day trading laws, that you can make 3 or more buy or sells in a day or couple days. but with 25,000 there isnt a limit of how many options u want to buy or sell. Im not exactly clear on the law, but if your thinking about day trading look up "day trading rules"

Answer 4

You find lots of people doing it, and claiming genius, in an up market like we've had over the past four years or so. When the market goes down most of those go broke. Those who can make a living day trading in a down market are only the best of the best or the luckiest of the lucky.

Answer 5

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RE:
can you make a living day trading?

Answer 6

This penny stock service has years of proven experience. Ultimately it is the best service for beginners to use https://tr.im/M3Srr
You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.

Answer 7

the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

Answer 8

IMO, not anymore. With most standard online brokerage accounts it is actually impossible to day trade. A buy trade has to settle, usually overnight, before your stock is avilable to be sold. The days of people like "Tokyo Joe" going around manipulating huge amounts of trading activity through discussion threads, and getting rich - truly rich - off the trades he placed ahead of the lemmings that followed him and the subscription fees they paid him for advice through his website, were over a few years ago. You can still trade actively and do well if you buy selectively, but short-term trading is difficult even for the best. PS, amazingly, Tokyo Joe is still around thanks to people who think they can still beat the market every day - www.tokyojoe.com. But even Tokyo Joe was eventually hand-slapped. He was indicted for internet stock manipulation and spent some time barred from trading. http://www.wilmerhale.com/publications/whPubsDetail.aspx?publication=314
"on January 5, 2000, the SEC filed civil charges against Yun Soo Oh Park, popularly known as "Tokyo Joe," for allegedly running a web-based "pump and dump" scam on his Internet site. In a typical "pump and dump" scam, an investor talks up a stock that he owns, then unloads the stock at a profit amid the enthusiastic buying created by his tout. "Tokyo Joe" allegedly charged investors up to $200 a month for a daily diet of stock touts and trading advice, and took in $1.1 million in the twelve-month period ending June, 1999."

Answer 9

There are people who do, so yes it's possible. You need to be very good at it, and very gutsy.

Answer 10

Yes.