I know they have a facility called Margin trading.However, I would like to know more details on this.
A scenario based response from an expereinced trader would be highly appreciated.
It would be helpful if somone can throw some light on the strategies of intra-day trading
Also what does the term "short" mean in stock trading?
Thanks

Especially since you apparently don't understand investing. If it were easy, why would people go to work? Learn how to invest the right way and prosper!




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.


Good luck.

I do not know the laws in Canadian Stocks. You should consult a lawyer before you daytrade in Canada.
If you daytrade in the United States of America by Law you will get a Credit Line of at least $100,000.00 (This is called a margin account)
However, if you don't have assets of at least $75,000.00 (For example, a $25,000 car and a $50,000 property) that you can sell in case things go wrong I strongly suggest you NOT TO DAYTRADE ON MARGIN WITHOUT LIMITING YOUR LOSSES TO A MAXIMUM OF 25% (This means you will only lose your original $25,000)
If you want I can email the Daytrading Laws.
Do not listen to cgimwei.
You need at least $500 to open a brokerage account in Scottrade.com
Example 1:
You cannot invest all your money in just one company. Therefore we are going to invest $225 in each company.
You buy 10 shares for $225 in Wal-Mart
You buy 10 shares for $225 in Target
Let's say you got lucky and both stocks actually went up 5% that day.
Your stocks are now worth $236.25 ($11.25 Profit)
However, you already paid $7 when you bought them and you need to pay another $7 when you sell them
Therefore in this example you actualy lose money.
You also need to consider you have to pay taxes on your capital gains. (Consult your Accountant before you start daytrading)
If you need more detailed advice about daytrading drop me a line.

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.



