That's correct.
I have a specialized degree in the field of securities regulation and compliance and can put together my own study materials if necessary, but I'm...
It depends on what your day trading style is (e.g., market orders vs. limit orders), how many shares you trade per position, whether or not you...
A good starting place to find an edge in the current market conditions the last couple of years is to take a traditional technical analysis...
Paper trading is definitely easier than real trading, but if you're pretty new to day trading, it's still a great first step so you can learn a...
A $5,000 capital contribution is pretty common at those types of firms. I'm not sure what's up with the extra $500, but that's not too far off...
If you're in a slump take a few weeks off from live trading and switch to paper trading until you get your confidence back. Look back at all of...
To summarize, most good day traders make a ton more than 20% per year (unless they are trading a very large account). A 4% monthly return from day...
Depending on what you mean, just scan for stocks up/down a lot on big volume or do scans based on the Money Flow Index (MFI). I use StockVision...
I don't have any experience with them, but maybe take a look at Hold Brothers. From what I've seen a software fee / desk fee of $100-$200 per...
With day trading the % return can be less meaningful since it can depend on account size a lot. For example, if you're just trading $10,000 at a...
You should take the free trial of StockVision PowerScan. It has a lot of customizability and I think it's the cheapest.
It can help if you look for coin flip situations where if you're right, you make at least twice the amount you would lose if you are wrong. If the...
I think price should almost always be the main focus anyway, even when using technical indicators too. When you've been trading for many years...
I think a lot of it depends on what kind of trade you are doing and how volatile the stock is. For example, if you are buying in the direction of...
Actively day trading with a broker you will be required to deposit at least $25,000, you won't be given more than 4-to-1 leverage, and your...
I agree there definitely needs to be some element of participation too, such as trading just 100 shares at a time or paper trading on a simulator....
Thanks, was thinking of another scenario there.
How can a day trader get stuck in a drawdown? Wouldn't you have exited by 4:00 pm? It sounds like you lost money from swing trading or some type...
I think a lot of new skilled day traders spot patterns in the current market and can make money in the short term, but then they get overconfident...
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