Trade on a demo account for @ least three months until you are net profitable.im 28 years old, and im interested to learn about day trading, anyone on the northcoast that could give me some advise, i would appreciate it a lot.
Hey Don "PM" me. I am a day trader. I have an account at Scottrade and they have an excellent platform, tutorial and support for this.im 28 years old, and im interested to learn about day trading, anyone on the northcoast that could give me some advise, i would appreciate it a lot.
Ok then, at least take Tambo's advice about learning.i really dont want to be told not to do it, thats why i want to learn from someone with experience
What are the traits and characteristics of a good day trader?Ok then, at least take Tambo's advice about learning.
While a very small number of people are successful at it, it is however possible to day trade and make money consistently. Since it appears you are new to daytrading, do yourself one huge favor and develop a trading strategy and never ever deviate from it. To many traders (day and otherwise) get cocky and deviate from their strategy....that's just about the time when Mr. Market humbles you.
Good luck....but remember luck plays only a small part.
Why don't you goggle a lot of the free info. It will give you an over view.thanks for all your responses so far.
why would i need 25k to start with, why cant i start small with lets say 1000 us and work my way up ?
i have been looking at Suncor Energy Inc. (SU) for example, was 2 days ago at 31.44 US, right now we are at 32.20, if i bought 1000 us and i choose to sell right now, i would be making 24 US minus 7 US fee roundtrip, im making 18 US, is my math off or what im a missing, are there restrictions of money i need to deposit somewhere before i can start trading, wheres the catch ?