Home >> Stock Forums >> Day trader's please give me advice

Day trader's please give me advice


Icecold99 said: "i'm just starting out in the market whats a good amount of money to start trading day by day would 1000 be good enough?? what tips do u have for me to start me off ?? any tips would be great :)"

AlfredSokol said: "$1,000 is a very small amount of capital to day trade with."

Icecold99 said: "whats a good amount for daytrading?? 2000?"

sp0om said: "Buy low and sell high. That usually works well."

Heather said: "What is your daytrading plan?"

Icecold99 said: "u guys need to educated me what do u mean by day trading plan? isn't it to make money sorry if i got it wrong but i really don't kno what you mean"

HappyHarry said: "There's one big problem with daytrading with a small amount of capital. Daytrading involves you getting in and out very quickly, even multiple times daily, looking for very small profits. If you have only $1,000 you can control very few shares of most stocks. For you to make money off "clipping" trades of a .25 a share, it just doesn't add up after you subtract transaction costs. With $1,000 you want to look more for "swing trades" which can unfold over the course of days or weeks or even months."

Icecold99 said: "so it's like long term investing ... until have a big enough capital to start trading mutiple time a day"

HappyHarry said: "Not really "long" term but longer than a day. This way you can buy and sell stocks based on news events."

Copyright 2003-2012, Superior Investor