Day Trading

You should get the money in your account the same day you sell the stock, so long as the market hasn't closed for the day…

With that being said I'd think long and hard about day trading… most folks who do it end up losing their money over time. The problem with day trading is that you get charged so many transaction fee's by the broker, and you won't have the kind of insider information to know when a merger is going to take place or when less than expected earnings are about to be announced that will affect the stock price up or down. Your are just as well to go to vegas and lay the money on black or red on the roulette wheel… at least then the house only takes 1% of all bets- the brokers take a lot more than that in fees.

In every market transaction there's a buyer and a seller. Just because at some point today there was a buyer at that price doesn't mean that there's currently someone that wants to buy (your) shares at that price. Also, when or if someone does decide that they want to buy your shares at .10, they won't necessarily want 5,000 shares. You could set your shares to sell all or nothing, meaning that unless someone wants 5,000 shares the trade will not execute. The advantage of course is that you don't get hacked to death with commissions. The disadvantage is if someone wants 4,999 shares your trade won't execute. With all of that said, penny stocks are a very dangerous game which I would STRONGLY advise against. If you want to gamble with cheap securities, learn a little bit about options and start trading out of the money calls and puts on companies you like and don't like respectively. Hope that helped.

One other thing, I use scottrade and am very happy with them.

Yes, the market tends to dry up around that time. The best trading occurs between 9:30 and 11:00. I trade all day long, but my trades during lunch hours are few. It is already hard enough to make money and doing just during lunch time just appears to hard to do. You can try swing trading, holding for a week or two.

Contact the Edward Jones investment rep nearest you. Go to their website at www.edwardjones.com and enter your zip code to find the closest office. With 10,000 locations, chances are there's one within 10 miles of where your live.

As for WHY your would want to this, contrary to the last answerer'a assertion that brokers don't find bonds sexy and hence don't bother learning about them, throughout their 135-year history, Edward Jones made their business on selling quality bonds to individual investors. I've found some of the most knowledgable people I know regarding bonds to work for Edward Jones. In addition, they do so much bond business that they get optimal pricing and that is in turn passed on to you. When calling around for price quotes, at the very make sure you include them, you won't be sorry.

I should point out that unless you need the money, now is probably not a good time to be selling your bond. Although long-term interest rates (i.e., that of most bonds, which are driven by economic factors) have little to do with short-term rates (which are directly driven by the Fed), we are nevertheless in a rising interest rate environment and your bond undoubetdly is worth less than it wa a year ago. Of course, you could be banking on that and need a tax loss for some reason, but barring that, if you're getting good interest, hold onto it until rates go down again to get a more advantageous price.

Of course, when buying bonds specifaclly for the interest income, you should learn not to even care what the price is. It's hard psychologically, and it takes some getting used to, but it's worth it. After all, if you're buying a cow for the milk, then what the hell do you care about the price of beef?

Hope this help!
–J.

Don't .. if you are asking this question than you should not be considering it as a way to make money. learn about stocks and the markets before attempting to day trade anything.

Well, fx cfds are great and hedge funds use them to make millions.. but day trading? the answer above said it.. a losing game.

i think sometime ago i came across a emperical studied that proved day-traders lose everything in the long-run.

some of the best traders dont over-trade. they don't commit without any goal.

investment is key.

can potentially make lot of money from trading cfds from making 10 trades a year - holding them for sometime -provided u have the margin.. than from day-trading. the money u make today ull lose tomorrow.

You may want to look at Collective2:

http://www.collective2.com

People can subscribe to your system there and you have a number of ways you can charge. One advantage of using them is that you have an independent auditor of your results. Another is that they do all of the billing for you.

Unfortunately, not free.

But even if you decide not to use them, you can still get some idea of what other people are charging for their methods — while seeing what kinds of results they are generating for those charges.

P.S. I hope by "developing a trading strategy for the last 6 months", you don't mean you've been tweaking historical data to generate those results. There have been a few systems on Collective2 that looked great in their presentation of backtest results, but failed miserably going forward.

Why does that seem unlikely? It's so thinly traded I wouldn't be surprised at all. The average volume is only 4000. Tuesday it didn't trade btween 9:30 and 2:00. That's 4.5 hours. And yesterday it didn't trade until 3:00.

-100% to 100%
///

Http://www.thinkorswim.com/

There's a special address for Canadians, https://www.thinkorswimcanada.com/.

Simply the best for swing trading stocks and options. There's even an audio program all day (9:15-11:30AM & 1:30-4:00PM, EST) . The program also answers questions on specific technical questions (on specific stocks) & there's a video/chart which you can see the "ShadowTrader" actually show what he's referring to.

The platform is great (really great!!!). Charts are great (both TOS and Profet). Service is great.

They have many conditional order types including;
Blast 6
One Cancells Other (great for putting in a stop and limit price at the same time).
1st Triggers next
Chose by time & date execution.
Market Close
and many more

There graphs art great. Service is great. You'll be amazed. This platform was rated #1 by Barron's in their March 2007 best online broker article ((for software based brokers).
They were an incredible hit in Las vegas at the TradersExpo this past November. More people were checking them out more than any other broker.

I've been with them since April 2007.
(I have used Schwab (active trader program), Ameritrade, Scottrade and Fidelity).

The only thing they lack is "BackTesting" and that's coming out in this month.

Other ideas for good platforms;
TradeStation (good charting, backtesting + much more)
Iinteractive Brokers (fair charting, over 40 order types).