Day Trading

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.

Investing in a mutual fund IRA for retirement may give you an income tax break. Talk to your tax adviser. You may also be able to invest in a stock mutual fund via a 401K plan at work.

Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however.

Second, if you consider yourself a "trader" a lot of weird things happen in the pushing and shoving of the open. The specialists on the floor make a huge amount of money at this time. In this case, it wouldn't surprise me if the specialist/market maker first did a bunch of buying of opening orders (ONT opened at 1.07) and then sold to the opening buy orders at 1.16 (ONT jumped to 1.16 right after the opening) thus making 0.09 per share just for being the specialist/market maker. He has no obligation to match the orders of public buyers with public sellers. It's good to be the market maker. Traders like me always wait to see how the stock opens to get confirmation before placing an order. A lot of things can happen in the news between 1AM and the market open. Traders never put in orders and let them sit that long.

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.

Companies hiring trainees, in my experience, generally want people straight out of school, preferable with athletic credentials. They feel this means that the trainee has physical stamina and is competitive.

Experience means working on the proprietary trading desk of a firm, not sitting at home with a personal account. That's a way to develop bad habits. It's a different word when you're dealing with size.

Besides, if she's making money in her own account, why would she want to work for somebody else? So, I'm assuming she's not making money. So, why would a firm want to hire her.

By the way, "churn and burn" is a term that applies to retail stock sales people, not traders.