Day trading. Is it profitable?
When trading us treasuries, what does it...
My friend was a day trader. I have a sneaking suspicion that he said he made 10 grand (not real cash of course) per month. But he be still trying to persuade me & other friends to give him money to gamble beside. So obviously, it wasn't as great as he thought. Then when the economy went down, he suddenly said he be going to another country to study journalism. I think there's more to his story than just "I quit day trading and I'm fine!" Maybe it's a really stressful post (up at 6am, constantly watching graphs, etc). And there's a lot of risk involved.Anyone know of a correct website to...
My dad be a day trader. He made hundreds of thousands of dollars when the market was going up but be smart enough to pull all the money out during downturns. My dad's money's adjectives in cash now. He doesn't regard as now's a good time to invest.Best Answer: Day Trading is much more than having a bet, in fact holding for the long term is existing gambling, you have a paper profit that may or may not be near when you are ready to sell. A good sunshine trader is well informed, a studier of the markets, understands risk and that he hasn't made money when something have gone up, but when he has closed out the trade. Every Day Trader should read "REMINISCENCES OF A STOCK OPERATOR". He should also learn Technical analysis. This is the indicator to help find stocks that may own breakouts. He must also follow the news on several companies. It is not easy, but can be lucrative. Made a living gambling, generate a living trading. Worked for one of the first Day Trading companies in the U.S., opened in 1991.
My dad be a day trader. He made hundreds of thousands of dollars when the market was going up but be smart enough to pull all the money out during downturns. My dad's money's adjectives in cash now. He doesn't regard as now's a good time to invest.
Related Questions: