If you want to day trade equities, stop trading, work hard, save up the money, and restart trading after you have $30k+ Investors Underground is the best place to learn this form of trading http://bit.ly/1mRR7YH Better thing to do now is to trade futures. More retail investors are heading in this direction because of less regulation and more leverage. Take about 10k of your 25k and trade ES E-mini SP500 or whatever you like. Futures have no PDT rules and the taxes are easier to deal with. Trade 1 contract per $7500 to 10k in cash to be conservative. Anything else and you'll blow up. Take the remainder of your money and invest in Lending Club. You can get 8-10% per year if you diversify responsibly and invest the minimum. Social investing and crowd funding is the future. Real estate and REIT crowd funding is the new thing too. If you want to invest long term, you can also try Motif Investing. It's like mutual fund investing but you invest in ideas and own fractional shares in stocks. Always consult a financial professional before you invest any real money. Good luck.
Since the econ expansion began in Jun '09 Vanguard Total World Stock Fund: +67% Vanguard Long-Term Bond Fund: +74% 0 retweets0 likes
Japan's gov't pension fund dumped their bonds and went into stocks and bonds proceeded to outperform stocks for them. Do the above two charts point to the risk on crowd on the US getting the same results?
Probably until you have a bunch of small losing trades. Next you "loosen up" those tight stops and try again to make it back all at once. Rinse repeat. Scared money never wins in the end.
Actually the research and development process takes years and hours. This includes the losses, trials, errors, testing, mental conditioning, etc.... Once your model is developed and fine tuned, it doesn't take much time to set up the trades. In regards to OP question, the answer is simple. NO DEFINED EDGE=NO MONEY Too many savvy players looking to empty your pockets. Most of them burned and learned. Can't tell you what to do, but you gotta eat a little shit in this game. Kind of a rite of passage.
Thanks all for your advice! Here is the update: my account balance dropped to about $24.5K, I cut my losses nearly at the very bottom, felt very bad about it. Anyway, I asked for a PDT reset, I still can't trade yet. Now I'm wondering if I should stick to day trading. Is the bearish market about to end? Many stocks seem to have hit their long-term trending lines, I'm very tempted to invest all fund into QCOM and keep it for 6 months.
Pick a direction, then fade it. Any direction. It doesn't matter which direction u pick, just fade it.