Day Trading

Best way would be to study trends such as fuel prices bottom out before winter comes and top out mid-late summer that sort of things.

As far as day trading it could be really sketchy at best because the trend is on a 24hr schedule but reading the news on recals product safety that sort of thing or what ever the news.

Ok case in point XM is doing great

Howard stern says hes signed a 5 year contract with serrius

Overnight 10's of thousands signed up for service.

I'm willing to be XM's stock slid nearly as much as sirrius's went up.

After hours news, both company specific, and macroeconomic news, can cause gaps up and down from the close to the open.

Most companies release news either before the market opens, or after the market closes (ie: earnings announcements, guidance, sales updates, profit warnings, etc.). Analyst upgrades / downgrades typically happen after hours. These types of events move stocks.

General economic news can also move stocks. Global threats, disruption of oil supply, comments from Fed governors often happen after hours.

The only way to eliminate gaps would be to have 24 hour trading.

Pick one stock in each sector and follow them daily. Chasing the news is not a good way to trade. You need to understand the companies and the value of the news.

You need to get educated about business. Most day-traders lose to the market over time.

While day trading is neither illegal nor is it unethical, it can be highly risky. Most individual investors do not have the wealth, the time, or the temperament to make money and to sustain the devastating losses that day trading can bring.

Here are some of the facts that every investor should know about day trading:

Be prepared to suffer severe financial losses

Day traders typically suffer severe financial losses in their first months of trading, and many never graduate to profit-making status. Given these outcomes, it's clear: day traders should only risk money they can afford to lose. They should never use money they will need for daily living expenses, retirement, take out a second mortgage, or use their student loan money for day trading.

Day traders do not "invest"

Day traders sit in front of computer screens and look for a stock that is either moving up or down in value. They want to ride the momentum of the stock and get out of the stock before it changes course. They do not know for certain how the stock will move, they are hoping that it will move in one direction, either up or down in value. True day traders do not own any stocks overnight because of the extreme risk that prices will change radically from one day to the next, leading to large losses.

Day trading is an extremely stressful and expensive full-time job

Day traders must watch the market continuously during the day at their computer terminals. It's extremely difficult and demands great concentration to watch dozens of ticker quotes and price fluctuations to spot market trends. Day traders also have high expenses, paying their firms large amounts in commissions, for training, and for computers. Any day trader should know up front how much they need to make to cover expenses and break even.

Day traders depend heavily on borrowing money or buying stocks on margin

Borrowing money to trade in stocks is always a risky business. Day trading strategies demand using the leverage of borrowed money to make profits. This is why many day traders lose all their money and may end up in debt as well. Day traders should understand how margin works, how much time they'll have to meet a margin call, and the potential for getting in over their heads.

Don't believe claims of easy profits

Don't believe advertising claims that promise quick and sure profits from day trading. Before you start trading with a firm, make sure you know how many clients have lost money and how many have made profits. If the firm does not know, or will not tell you, think twice about the risks you take in the face of ignorance.

Watch out for "hot tips" and "expert advice" from newsletters and websites catering to day traders

Some websites have sought to profit from day traders by offering them hot tips and stock picks for a fee. Once again, don't believe any claims that trumpet the easy profits of day trading. Check out these sources thoroughly and ask them if they have been paid to make their recommendations.

Remember that "educational" seminars, classes, and books about day trading may not be objective

Find out whether a seminar speaker, an instructor teaching a class, or an author of a publication about day trading stands to profit if you start day trading.

Check out day trading firms with your state securities regulator

Like all broker-dealers, day trading firms must register with the SEC and the states in which they do business. Confirm registration by calling your state securities regulator and at the same time ask if the firm has a record of problems with regulators or their customers. You can find the telephone number for your state securities regulator in the government section of your phone book or by calling the North American Securities Administrators Association at (202) 737-0900. NASAA also provides this information on its website at www.nasaa.org/QuickLinks/ContactYourRegulator.cfm.

Instead, read the Intelligent Investor and follow Warren Buffett. Get a great job and invest the proceeds wisely.

Best Regards,

Docmase

If you are using My Yahoo, you can set up up a Stock Portfolio segment right on your home screen. You can set up separate categories for each set of stocks (purchased, watchlist, etc.) It's very easy to use. The stock prices are updated every time you log on or hit "refresh". As with any stock tracking program, there is typically a 20 minute delay for stock quotes however if you have an online account with a brokerage, typically that website will enable you to get "real time quotes". For example, I use www.optionsexpress.com. It is a great brokerage site for both stocks and options. On that site, you can set "alerts" for either a percentage change (you set the percentage) or a dollar amount change in your stock price either up or down. The alert is sent to an email address of your choice. Check your online brokerage service because they most likely offer that service. Another program that I use to track stocks is www.marketwatch.com. It's free but you have to sign up or register for it. They also provide the ability to set "alerts" on changes in stock prices or news about your stock. Be sure to "opt out" of all of the free services and product emails or you'll get a lot of spam.

You'll really appreciate the chart & the recent news {headlines}.

Click on the blue link below:

http://finance.yahoo.com/q?s=SGLS.OB

SGLS.OB: Summary for SIGNATURE LEISURE -
Yahoo! Finance

I don't know about E trade, but you can easily sell a stock while the market is open, that is 9:30 am EST to 4:00 pm EST, there is no best time. If your stock trades on a major exchange or NASDAQ, you will have no trouble anytime the market is open. If you wait until the morning you are taking a big chance. Let's say your stock is at $10 at 3:58 pm EST and you don't sell it. Then after the market closes news comes out that your company that you have stock in published fradulant reports to look better, it might open the next morning at $1.00 per share and you lose a lot of money! this has happened, so don't wait if you want to sell, just do it.

Even with funds, you will still be subject to the settling time. The other bit of bad news is that you will also be hit pretty hard with fees and/or penalties.

What it seems like you are trying to do is get a distribution from the fund like a dividend or special payment. Trust me, you wont come out on top with this strategy. What you have to remember is the purchase & sell fees involved. Assuming you are buying B shares, you could pay upwards of 5-8% on the sale amount, it costs nothing to buy in. In addition, many funds have an early withdrawal fee of about 2-4% if you sell before 90 days. If you are doing A shares, you have the same problem but you are paying the fee up front, so you actually are working with less than what you put in. No load funds also have the early cash out fee. Then lets talk taxes on the short term gains. Then talk brokerage fees.

You would not only have to make a monster sized gain on your principal, but that must also be a sizable distribution that you need to get in order for it to make sense. Does not sound like a good idea for such a short term play.

Hi,

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Depends which market you are talking about.

Basically any stock that is indicating a very strong uptrend (or downtrend) you can make money on in an intraday trade.

Or you can base your one day trade on a volatiliy based on news reports.