Day Trading

Never play a hunch, thats for suckers. Whatever you buy, if it makes a 10% profit, take it and move on.

The others advice is pretty good, but with the day trading, you shouldn’t day trade unless you have a few million in the market. Most of the people that day trade for a living; they are on leverage up to 1000 to one. So every dollar they “personally” have in the market, the company they work for gives them 999 dollars to trade. Then in turn take a percent of any profit, and if the person loses any of the money, they will need to pay it back. The reason you need so much money is because they “make there own market” in stock. What I mean is, they have so much money in a stock, they can change the price of it by a penny or two when they trade. A penny or two, over 1000’s of shares, many times a day….adds up very fast, and that is how they make money.

No. A bank will not, as you need something to legal tie the funds too…even with a signature loan, you need to explain the reason for the loan (this is to prevent money laundering). Your only option in this case is a Margin Account through your broker. But since you trade options, you would already have a margin account, which means you know you do need to maintain equity in the account.
There is an alternative. BUT, I wouldn't recommend it.
You could engage in a Carry Trade. Again!! I do not recommend you do this for Day-Trading options or stocks!
You short a currency (the JPY is pretty popular). Just like shorting a stock, you get a credit. Since Forex is not regulated by the same Margin Rules as Equities, you can get 50K for a simply $500 account. With that credit, rather than buying Bonds with a higher interest rate than the rate of the shorted currency (Fed rate is 4.25, so you could get a bond around that rate, which JPY rate is .5%..you profit from the difference) you put that money into your options account. You need to be careful that you leave some room in your Forex account, as you do not want a Margin Call on this. And you need to make sure you monitor the currency market to make sure that the JPY's flat…although if it is dropping, you have the added bonus of making money there too.

I am not suggesting you do this, but just saying that there are possibilities out there. Just don't use this one, as it you need to be aware of what you are doing.

It helps… but I guess as long as you can add positive numbers (your profit) and negative numbers (your losses), you should be able to know at the end of your first day whether you're making money or losing your shirt.

You get taxed only on your profits.

Intraday trading is one in which u r buying and selling those shares, dat very day itself, here only your profit or loss will get added in the margin. here u r not talking delivery of shares.

Brokerage(Standard)0.1% of volume
Service tax12.24% of total brokerage
STT 0.025% of the total vol traded-only for sell
Stamp duty0.002% of the total vol
Turnover tax0.0035% of the total vol

The best way to get started: LEARN as much as you can about the market. And then start trading on a paper trading account to gain experience.

If you are new to trading, then you should definitely take a look at trading systems.

Here's why:

Every minute more than 150 Million Dollars change hands in the electronic index futures markets like the e-mini S&P and e-mini NQ. You can win or lose thousands of dollars in a few minutes; the futures markets can make you rich in a few weeks or months or wipe out your account with no mercy.

If you want to compete in the “game of games” and play against the best traders in the world, then you need to get ready. Too many gamblers are entering the arena without any plan or strategy, completely unprepared, and that's why they lose.

Trading a system will dramatically increase your chances to succeed in trading, because it eliminates five of the top six reasons why unprepared traders fail.

Here are the top six reasons why traders fail,
and how a trading system eliminates them

Let's take a look at the reasons why traders lose money:

1. Lack of a Trading Plan
2. Lack of Discipline to Follow the Plan
3. Failure to Control Emotions
4. Failure to Accept and Limit Losses
5. Lack of Commitment
6. Over-Trading

By all means you have to avoid these mistakes if you want to win.

Here's how a trading system eliminates 5 of the 6 top reasons why traders fail:

Solution #1: Having a trading plan

Having a trading system means having a pre-defined set of rules you have developed to guide your trading. Therefore you HAVE a trading plan, eliminating the No.1 cause for failure.

Solution #2: Following the trading plan

The easiest way to follow a trading plan is to automate it. Almost every trading system can be automated, and you could let the computer trade for you. You won't have to worry about your discipline any longer, as the computer mechanically trades every setup for you.

Solution #3: Controlling emotions

Trading with a system removes emotions from trading. If you don't have a strategy and you try to make decisions when the market is moving, you are liable to become emotionally attached to positions. You may experience panic and indecision when the market does not move in your favor, as you do not have a prepared response. That's when most traders lose their money. If you follow a system you will know what to do no matter what the market does.

Solution #4: Controlling your losses

You probably have heard the saying “Let your profits run”. Unfortunately most traders let their losses run. A trading system will get you out of a position when the predefined stop is hit. Unless you override the system to “give the trade a little bit more room” it will stop the loss and therefore limit your losses.

Solution #5: Commitment

You won't believe how many traders show a lack of commitment and therefore lose money. Lack of commitment means that they stop trading after the first loss, and don't give their system a chance to make back the money they lost. Trading is not a one-way street, and losses are part of our business. If you can't accept the fact that there will be losses, you shouldn't trade. Fortunately a trading system can help you to overcome this problem; an automated trading system continues trading according to the rules, and therefore adds much more consistency to your trading.

As you can see, five of the six top reasons why traders lose money in the markets are simply eliminated when you start trading with a system.

Without any guarantee, your chances of making money rise incredibly when starting with a profitable trading system.

Hope that helps.

The key to investing as a beginner is investing in safe companies that beat earnings estimates (i.e. surprise investors with better than expected profit for each financial quarter). Also, when one starts to invest, I certainly suggest diversifying your investments.

A model portfolio of winning stocks would look like this:
1. Financial Stock: Goldman Sachs
2. Energy Stock: General Electric
3. Biomedical Stock: Teva Pharmaceutical
4. Technology Stock: Google
5. Retail/Consumer Stock: Coldwater Creek \

This is just my opinion about how to begin investing in a conservative, winning way.

Here is also the link to a great website that is very comprehensive in teaching novices how to invest:

http://investopedia.com/

Short answer: you will lose all or most of your money.
Longer answer: The market, any market, always moves hard against you to take your money at the most inconvenient time. Paying a $30 "note" is much more than a commission which can be as low as $1. Gold trading is available to the whole world which means a:why ain't everbody rich? and b:can you outguess the swiss bankers, not to mention NYC?

Should be well developed