Registered: Jun 2011
10-12-12 12:17 AM
yeah, I think the term "day trading" took off in the late 90's when a lot of kids started trading tech stocks. It use to mean something when you were trading futures and the margin requirement kicked in if you were not flat by the close.
Quote from Handle123:
Boy oh boy, you don't start Sunday afternoons till Fridays' close? Actually waiting for Nat Gas to really take off.
Going back to original post, are you speaking of futures, stocks, forex or options? If your doing retail for futures, there are couple of good brokers like Deep Discount that many like, or you can lease a seat thru almost all of them and use them for clearing.
Not really clear on erosion meaning. If you are scalping, simple-don't lose too often
We use to do this deal where you would start every morning spread, and day trade all day long, and get spread by the close.
A little guy like me with only $5000 in his account could day trade the S&P as long as you were spread against the NYFE by the close.