

http://www.alphatrends.net/
http://www.thekirkreport.com/
http://www.slopeofhope.com/
http://www.tradingwithtk.com/
http://www.thinkorswim.com/
http://www.redoption.com/
Also, some good books to start with are;
Trading In the Zone, Mark Douglas
Mastering The Trade, John Carter
High Probability Trading, Link
Trade Your Way To Financial Freedom, Tharp
Learn the basics of "Technical Analysis" before you read these books. Understand Candlestick Charting, Moving Averages, Support & Resistance, RSI, Channels etc.
There are many great books out there…. Don't read any of them until you've gone through these. Don't ever underestimate the importance of money management, position sizing & trading psychology.
This will take at least a year to get through. Do it and you'll save yourself from many costly mistakes.

Besides account requirements, there's also taking into consideration commissions versus trade value. To buy and sell stock can cost anywhere from $10-$40 overall, so you should be expecting profit exceeding this before entering a trade, which means trade size is a key component. Average daily volume of a stock wil lgive you an idea of what you can expect to be able to buy or sell.
Utilizing different technical indicators such as stochastics, RSI, MACD, moving averages, and price change patterns could give insight into possible future price changes, but these are all speculative and should be used with caution. I would caution anyone who is a beginner trader/investor about day trading. For short term gains, it's better, and less risky, to find stocks about to increase over the next few days/weeks/months. You'll more than likely realize more gains at less of a risk. It's up to you to learn how to do this correctly, but it can be a much more reliable method of trading rather than day trading. Good luck!
Many thanks in anticipation.


According to the NYSE definition of "day trading" the sale of an existing position from the previous day is a liquidation. The repurchase of that position is the establishment of a new position. It is not subject to day trading margin requirements.
If you are using a cash account, settlement rules would still apply.
I am new to all these markets and looking to start with it.
I wanted to go for an Online Trading Company like India Bulls, Sharekhan etc.
I aim for being both a Long Term Investor in 2-3 Shares, and do regular Intra-Day Trading
I have seen India Bulls Charting system and found them to be good but don't know what are their Broker Charges, Account Opening Charges?

But there will be important pointers to what should also be considered while deciding on the trading platform. So here goes.
I have personal experience with ICICIDirect, HDFC Securities and Motilal Oswal. I don't trade on a daily basis and am a long term investor. So for me brokerage rates don't matter much.
For me what matters are the following:
1. Reliability of the platform -I can transact when I want
2. Correctness in transaction records, account debits, demat credits, shortfall management
3. User-friendliness of interface - you can find what you want quickly
4. Promptness of customer helpdesk in replying to emails
5. Ability to do everything from one single place - like demat account, trading account, and bank account are all managed by the same entity, so there is single place of accountability
Given all these in my experience ICICIDirect still scores the best. It has the highest no of subscribers. It used to have some transaction problems earlier, but over the past year, I cannot recollect instances where I couldn't execute a buy/sell when I wanted it. (HDFC Securities & Motilal OSwal both have miles to go on this front, systems cant keep up with the load on exceptionally high traffic days -jan 22/23). Their User interface is the best, you can locate what to do and where very fast, almost intuitively. Their transaction records are impeccable, you have peace of mind. Couldn't say the same for Motilal Oswal (I had to track and remind them to make good the shortfall when I bought and paid for 20 shares of Wyeth Pharma but demat was only for 16 after a week). And single place of accountability makes sure i deal with the same party and can get things resolved faster.
No matter what arguments you hear against, perhaps the biggest argument in favour of ICICIDirect is that they have been operating these services from 1999. That's close to a decade of experience in handling extremes of load, variety of software and technical issues, customer complaints , and have matured over the years.
The others may give you cheaper brokerage rates (and that matters if you are a day trader) but have much more to cover before they can reach similar levels of maturity as a service provider.
My 2 cents. Hope they were useful & happy investing!

test it with quotetraker freeware

To "day trade" or "scalp": A trader MUST have - AT ALL TIMES - AT LEAST $25,000 U.S. CASH in his/her/their trading account.
This does not include any stocks or trades the trad err might be in. This is cold, hard U.S. CASH.
As soon as the account goes one cent below $25K, a whole different set of rules comes into play.
Check with your broker or any broker to confirm what I write. There MAY BE exceptions.
As far as penny shares:
They are far, far, far too risky and volatile.
Thanks for asking your Q! I enjoyed doing my best to answer it.
VTY,
Ron Berue
Yes, that is my real last name!
He day trades the sp500 futures his website is spguru.com, please help if you know anything
sorry the website is sp500guru


Also if you are looking for an online broker, I use Scottrade, they are very cheep $7 trades for market and limit orders.
Hope this helps.



