I want to doing intraday trading so please i want best informatiomal book about day trading .
Here's a few "tips" hardly any one will tell you:
#1 In your trading account: YOU MUST HAVE AT ALL TIMES AT LEAST $25,000 U.S.
#1 In your trading account: YOU MUST HAVE AT ALL TIMES AT LEAST $25,000 U.S.
This is cold, hard cash. This isn't one share of stock or anything resembling any kind of trade. This is cold, hard CASH!
Check with your broker: As soon as your account goes 1 cent below that amount, a completely different set of trading restrictions is imposed on the trader.
Among these is: NO more than 3 or 4 day trades in any rolling 5 day trading period.
When you have that $25,000 U.S., post another Q stating you have $25K and you're ready. THEN you should be ready for more info.
Thanks for asking your Q!
VTY,
Ron Berue
Yes, that is my real last name!
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