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Is Anyone Out There Who Ever Took Any Day Trading Classes?

I usted to day trade and i want to do again, im loking for any classes where i can improve my trades, i dont want any online classes i need any good school or any day traders who charge for given classes,,
Day trading


I'm not sure a class can teach you, I think you just have to learn through experience. The hardest thing to learn is to quickly get out of a losing stock and preserve your money and look for another opportunity. it sounds so easy but it is very hard to do because you always think you are going to make money and never lose money. but I'm getting much better at it. I made $350.00 today in just a few hours.
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I Want To Begin Day Trading Stocks, What Is The Best/fastest/low Cost Site Out There With Software That?

Is not to hard to use? I am going to trade maybe 2 or three hours a day, with a couple times all day. This is not going to be my profession, so an easy to use system would be best. I am just trying to practice with not to big of a bankroll to test out my skills! Thanks.
Day trading


First, to day trade stocks, brokerages will require a minimum account size of at least $25,000. Also, it's a risky game — very few people succeed at it. Those that do have generally become highly skilled at longer-term trading (position trading over several weeks, months or years or "swing trading" over days or weeks) before attempting day trading. There is no software you can use to make your decisions — that is totally up to you. It requires a great deal of experience (I would say, many years) to become a successful day trader.
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Best Book Or Course For Starting As A Day Trader?

All answers appreciated! I am looking to take some money and try my hand at day trading. I also would appreciate any suggestions at what the best trading site is. Thanks in advance for any help.
Day trading


Trade first on a simulator to test your theories at Investopedia.com

When you start making "virtual" money, then you can risk your own.

http://simulator.investopedia.com/home.aspx

http://investopedia.com

http://investing.sitesled.com/

http://futures.tradingcharts.com/learning/

Blogs

http://winners-and-losers.com/

Training & classes

http://bettertrades.com

http://investedcentral.com

ETF news and analysis

http://ETF-World.Org/

Article: Trading is Timing

http://www.investopedia.com/articles/trading/06/TradingisTiming.asp

Stock Charts

Bigcharts.com

http://www.stockTA.com

http://www.stockcharts.com

http://www.incrediblecharts.com…

www.prophet.net
americanbulls.com

Books on Investing

"Which Is Better, Buy-and-Hold or Market Timing?"

"Do You Have What It Takes to Be a Market Timer

The Beginner's Bible in Technical Analysis is:
Edwards & McGee"Tech. Anal. Of Stock Trends"

Droke, ClifTechnical Analysis Simplified

Kahn, Michael N.Tech. Anal. Plain & Simple

Kamich, Bruce M.How Technical Analysis Works

Lefevre, EdwinReminiscences of a Stock Operator

Lofton, ToddGetting Started in Futures

Lowenstein, RogerBuffet (Warren)-The Making of a Capitalist

O'Neil, William J.How to Make Money in Stocks

Oz, TonyHow to Make Money From Wall Street

Rotella, Robert P.Elements of Successful Trading, The

Schwager, JackStock Market Wizards

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Please Explain The Following Definition To Me More Clear With A Numerical Example. I Can Not Understand It?

The NASD defines a Pattern Day Trader as "any customer who executes four or more day trades within five business days, provided the number of day trades is more than 6% of the total trades in the account during that period".

Please aslo explain to me the meaning of "day trades"

Day trading


I believe this literally means that if you buy and sell a stock during the same trading day 4 or more times over the course of 5 trading days, you'll get labeled a "pattern day trader," which means you'll have some restrictions placed on you by your broker.

So if you bought and sold 100 MSFT 4 times in 2 days, let's say (and if these 4 trades were more than 6% of your total trades during these 2 days–which is very likely), you'd get labeled a "pattern day trader."

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How Do Partial Fills Affect Day Trading Status?

In the U.S. Stock Market, how do partial fills and multiple orders count in getting flagged as a Pattern Day Trader?

Day trading is buying and selling the same security within the same trading day (though if you don't already know that, you shouldn't be answering this question).

Suppose I process a series of buys on a particular security in the morning. Then sell them all in the afternoon.

Buy – Buy – Buy – Sell

Does this count as one day trade or three? What if either the Buy or Sell orders were partial fills?

Thanks
Thank you very much StopSpending.

What if the buys were separate orders, but you execute a single sell for the total lot?

Day trading


My experience has been that a "trade" is considered to be the order ans all of its fills. In the attached link, the SEC makes it very clear that a pattern day-trader is supposed to be a real day-trader. Counting each fill would snare too many customers in the net.

From Rule 2520:
"The term "day[-]trading" means the purchasing and selling or the selling and purchasing of the same security on the same day in a margin account"

"The term "pattern day trader" means any customer who executes four or more day trades within five business days. However, if the number of day trades is 6% or less of total trades for the five business day period, the customer will not be considered a pattern day trader"

It's pretty clear to me that to "execute" a trade. I place an order and get fills. The order and the fills are a "trade". Now, if your two "buys" are based upon two separate orders, then the pattern you ask about would be two day trades.

Further info:
Interactiveborkers gives clear examples of day trades on their website. Another reason why I like that firm so much. Looks like your two buys and one sell example is just one day trade.

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What’s The Best Strategy To Day Trade Starting Today?

I am conducting a business project, social experiment.
I am playing CNBC's Million Dollar Portfolio Challenge.
I am just looking for quality advice to invest $1 million in the stock market & looking for clean & crisp advice.

Please do not send spam, or links to pay-for-service sites. I just don't have the time for that.
Please provide advice, your answer & maybe reasons behind your answer.
I'm seeking to select 20 stocks today, to either purchase & sell.

Day trading


Day trading is tricky, whether your doing it for real or as an exercise like you are doing here. The primary problem is that over very short periods of time, individual stocks as well as the stock market indexes can be extremely volatile. You might as well throw darts at a dart board marked out with all of the stock symbols because it pretty much is sheer luck over such a short time frame anyway.

I'm not familiar with CNBC's Million Dollar Portfolio Challenge, so I don't know what their investing time horizon is like for this task. Depending on how long that horizon is, I would probably make different sets of choices for your million dollars. Over a longer horizon, I would probably do some research and then pick 20 stocks, $50,000 each, and then let them sit there and do nothing for several months as that is, historically, the best way to get a return on investment. Too much "in and out" of the market would kill you on commission costs alone anyway.

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I Am Getting Into Stock Exchange?

And I am going to do the day trade terminology to get some little money in a daily basis.
Any ideas or experiences to share with me? Please don't be over exaggerated in none of positive or negative ways cause I know that it can be a dangerous game.
Thanks a lot :)
Day trading


Based upon your diction I would suggest you start with some research. Try http://www.marktetstock.net for starters.
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Day Trading Futures?

Am I the worst trader in the world?
Does anyone else keeping finding themselves on the wrong side of the market all the time?

Can anyone give me some constructive (not give up) and practical advise on this to help get my confidence back?

Thanks

Day trading


You need to take into account that a day trade that has
made a good profit can go into the floor broker‘s or
desk trader‘s pocket. This is possible as he can leave
buyer/seller‘s name in blank and only fill it in when
reported or taken from the runner (the boy that picks up
the slips from the floor). In some markets this is not
possible since the whole deal (except the shouting) is
immediately recorded. But when trading is wild, a fast
light is put on, which allows 15 minutes to conclusion
instead of only five. I could give you many examples
but this is sufficient to convince you to change both
your trading house and/or floor broker or, better still
both. Find a floor broker that you know and trust, this
is the only solution. It is almost impossible to always
be the loser, so think twice and change your servers.
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What Percentage Of Overal Trading Volume Are Personal Finance Traders?

For example, how much are prices of stocks affected by institutions (e.g. funds) and how much by small personal traders. If they recommend a stock in a financial magazine (e.g., Kiplinger), will it affect its price significantly – individual traders wanting to buy it? How big volumes are "day traders" – 10%, 20% or 0.2%?
Day trading


Goldberg and Lupercio, two analysts of the online trading industry, estimated that about 40% of all trading volume comes from a group of 50,000 "semi-professional" traders who use the major online brokerage firms. The analysis was for the year 2003.

So a good guess would be 40%.

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How Much Money Should One Expect To Lose In One’s First Year Of Day Trading?

To be more specific, it is widely stated that most day traders end up losing significant portions of their capital before becoming profitable. The ones who are profitable from the get-go are supposed to be rare. What I have read is that it usually takes a year before one learns the ropes well enough to be consistently profitable. If one does get through this learning phase successfully, what percentage of one's capital should an "average" successful trader expect to lose during the first year? I've heard of people losing up to 75% before making a turn around and then making enough on a weekly basis that they can live off their earnings.
Day trading


I'd say you shouldn't plan on Day Trading unless you're prepared to lose all of it. It isn't the safest method of investing, and for novices, you stand a better chance of getting whipsawed than anyone else.
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