Better to donate to me. I wouldn't say I know the secrets of daytrading but I just know what the top daytraders are doing and take it up a notch.
The secret of day trading. IT was created by brokers , backed up by exchanges, to rip off stupid people.
secret of day traders : They aim for 50 to 60% trading accuracy Known fact of trading coaches : They aim for > 90% trading accuracy Known fact of archers, surgeons : They aim for 100% accuracy / success rate
You only need to know two things: 1) Know when/where to enter 2) Know when/where to exit. It might sound too simplistic to the noobies. But, in time, you too will understand.
schizo, This is very true and I agree. Knowing when/where to enter. knowing when/where to exit is all that matters.
How do you make $300 to $500 or more a day? That's 1000 shares to make 50 cents say. Or 100 shares to trade 10 times in a day commissions could kill you. Better 200 shares 5 times and make 40 cents for $80 x5. A $5 stock x 1000 is a $5000 trade or x 200 is a $1000 trade. You need a stock thats moving and has volume. Watch level 2 see whats on Bid and Ask. See how volume is increasing.Set alerts. Buy at support sell at resistance. If you have margin then the reverse for shorting.