adv. and disadv. of day trading?

Discussion in 'Trading' started by chipmunk, Oct 9, 2008.

  1. I keep flippnig between the two. Both have good and bad points but can you share what you think are the pro's and cons of day trading?

    EG:

    Pro:

    MaKE MONEY EVERY DAY ( HOPE TO..)
    No overnight risk


    CON:

    You have to sit at the screen every day to make money. Can become a grind.
    Can be high stress
     
  2. I use to make a living scalping stocks with a 2000 dollar account. Now they want you to send 30 k to people you can't hardly get a real handle on. That was upside.

    Getting two accounts at two different times with IB was a serious downside.
     
  3. Not really. Some people only trade mornings or whatever.