DAY TRADING TIPS?!?!?!?
I am a beginner day trader. I have a few co-workers that introduced me to it and im looking to get envolved. I was just wondering if there are any people out there that have been successfull with it and could shine some light on me and maybe recommend some stocks that i can start with to gain more experience that will turn around decent profits. Any advice of stocks that anyone has personal experience with is greatly appreciated.
| Print article | This entry was posted by admin on December 10, 2010 at 9:23 pm, and is filed under Currency Exchange. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
about 1 year ago
Learn to read charts.
Take the emotion out your trades. I win on 90% of my trades when my wife is not around. I lose 100% when she is.
about 1 year ago
It’s true that you will never be right on all your calls but you only need to be right on 60%, 70% of them to be very profitable if you know how to manage your risk…I have been doing very well with livetradingdemo.com Since i invested 10K i have more than tripled it after 9m months….
about 1 year ago
You should learn all you can first and trade a mythical portfolio for practice. Eventually you should have a system and follow it. There are different types of traders. There are different systems. A lot to learn.
You might try Investor’s Business Daily for a good source of info. Read widely and all you can. Learning takes years.
However I will also issue two warnings. The current stock market is in a larger secular bear market and starting another leg down. Becoming a day trader now could be dangerous. On the other hand if you learn to short stocks then this could be a great opportunity. The second warning is a lot of day traders lose their capital going in with little experience. They come out with some experience and no capital.