Yes , I trade work for money almost everyday.Anyone make a living day trading?
Would you refer to momentum investing as riding the wave sort of speak, like today has been a good day in the markets and I did some buying/selling which in 2 hours made me $500. I definitely could have made more but someone once told me, "never be afraid to make a profit".A day trader is always out at the end of the day. I think you might be talking about momentum investing.
I wonder what the average amount of capital is for a person to start day trading.A discount brokerage insider once told me that on average day traders lose their entire capital within two years.
I suppose it's possible for some daytraders to make enough money to compensate for their time *and* earn an attractive return on their capital. On average though the odds are very poor.
A discount brokerage insider once told me that on average day traders lose their entire capital within two years.
A day trader is always out at the end of the day
These are the kind of statements made by people who don't believe it can be done and get upset when others do it.So were they, right up until the day they lost the last of their money.
Warp , obviously you do not assimilate what you read very well:I would respectfully suggest that you take those profits and buy some blue chip div stocks and the like.....
I have no doubt at all that *some* are good at it. I didn't say that every day trader loses his shirt. Just that the vast majority do.These are the kind of statements made by people who don't believe it can be done and get upset when others do it.
ANYTHING can be done , if done properly , it all depends on your appetite for risk and your insight as to market sentiment , some are very good at it.
I've done VERY well this past six months , I set aside $10,000 for high risk day/swing trading , if I lose it , it's gone , the rest stays in my log term portfolio.
Problem is , in the last 6 months , that $10,000 has turned into $25,000 , but anything over the 10 grand gets re-invested in long term well paying REITs.
I put a lot of time in at my computer screening and researching stocks in order to find ones I think will go , but others who can't do it like to call it luck , I disagree.
I'm not recommending anyone do it , just saying it's working well for me and it CAN be done.
I get the rest of the winter off now and plan on getting into it more seriously , will let you know how it goes.
When an investor buys and sells the same stock on the same day, he has made a day trade. We analyze the performance of day traders in Taiwan. Day trading by individual investors is prevalent in Taiwan – accounting for over 20 percent of total volume from 1995 through 1999. Individual investors account for over 97 percent of all day trading activity. Day trading is extremely concentrated. About one percent of individual investors account for half of day trading and one fourth of total trading by individual investors. Heavy day traders earn gross profits, but their profits are not sufficient to cover transaction costs. Moreover, in the typical six month period, more than eight out of ten day traders lose money. Despite these bleak findings, there is strong evidence of persistent ability for a relatively small group of day traders. Traders with strong past performance continue to earn strong returns. The stocks they buy outperform those they sell by 62 basis points per day. This spread is sufficiently large to cover transaction costs.