Anyone here Day Trade as a profession? Tried trading a few times and lost a little money but would love to do it full time. They say everyone loses the first one or 2 times around but who knows.. seems like the perfect combination with surfing, work when there's no swell, and work from home
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Thread: Day Trading
hardly anyone makes money day trading. you need a huge amount of capital to make the plays work.
People do however trade profitably from home by swing trading. basically instead of trading stocks everyday... you chart a stock, buy and hold for the short term move. I have done this with decent success on trades that range anywhere from 3days to trades that take a couple weeks to move howyou want them too...
but I would say leaving it to the pros and going on with regular life/job is the smarter play.
Feb 28, 2012, 09:28 PM #3Senior Member
- Join Date
- May 2006
- Baltimore, MD
I will never divulge my secret
I have to agree with what everyone is saying. Unless you have a solid amount saved up your willing to use just trade on the short term. And I feel like doing day trading as a living would be a hard surf schedule with pre-trades starting at 8am and after hours ending at 6:30pm. Just open up a Scott Trade account and see what you can grow your first $500 into then go from there.
Feb 29, 2012, 03:07 PM #6
Have been in the financial industry for 20 + years and was a trader for most of them. Day trading is an extremely tough way to make a living, even with the best technolgy and information flow available. I have seen way to many people lose their nest eggs.
Feb 29, 2012, 03:28 PM #7Senior Member
- Join Date
- Sep 2008
- Monmouth County
do you have any finance/investing background?