Welcome to Day Trading
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Day traders sit in front of computer screens and look for a stock that is either moving up or down in value. People daytrade to make money and financial independence. The market that has the largest price range should be the best candidate for day-trading.
You need enough capital to keep youself in the market, to allow to yourself to keep your day trading system going. More important for the day-trader than others is to have the proper 'team' in place. Playing news is primarily the realm of the day trader.
Good day traders generally sell into good news and buy on bad news. Trading successfully is by no means a simple matter. Some of the more commonly day-traded financial instruments are stocks, stock options, currencies, and a host of futures contracts such as equity index futures, interest-rate futures, and commodity futures.
A great trading system looks for low risk opportunities to enter a stock. Weigh the risks and rewards against your current financial situation and future financial goals, and decide if day trading is for you. Day trading is a full time job - you need to be ready to trade whenever the market shows you a great opportunity.
Day traders use only risk capital, which they can afford to lose. Day traders should understand how margin works, how much time they'll have to meet a margin call, and the potential for getting in over their heads. What is it about day-trading that attracts so many speculators to the markets? Is successful day-trading more luck than skill?
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