Day Trading

when it comes to making profit..it depends on ones strategy of investing…
people can make good money if they invest properly …and if ones foolish and more greedy he might loose out every thing…things always happen in extremes in stock markets…
remember this one thing before investing….
dont hurry ur self…think about the stock fundamentals(like its financials like balance sheet or in simpler terms the profits that it made during recent times..its managing style..people in the business…competetors industry as whole etc)
when once u feel that the stock is fundamentally good..then u move on to technical aspects like how is the stock performing in recent times..take the history of atleast past 3 months…and then invest if u feel thats good..u can get the recommendations in investment channels like CNBC watch it carefully during the market hours.
when u invest u have to watch the price carefully..keep a target level..say fro example u bought it at 100..keep a target for that stock say 130…sell it at that level..i dont recommend u to sell it entirely(in bullish market when the market is goin up..sell a partial amount of your holding..and when the market is falling down..book the entire profit by selling it…)
then u can pick another stock…
even while buying the stock its necessary for u to pick up the stock when ever the market is down..it has to be systematic..by this u can average out ur buying price…by doing this u can average the price..if u see n compare the total market movement..which will be more profitable….
i hope ive given u sufficient information to start off..feel free to ask if anythin else is necessary…
Happy investing…!!!!!!

It is true that 80% of all day traders eventually lose all their money. Then again, about 60% of the remaining 20% make enough to live off of or at least provide a second income. The remaining 40% steadily lose money.

The keys to success in day trading (% of importance):

1) money management - knowing how much to bet on each stock, when to take profits, and when to cut losses (40%)

2) emotional control - patience, not acting out of greed or fear, never averaging down, only buying high probability set-ups, etc. (35%)

3) a good system - knowing when to enter and when to exit (25%)

You'll notice that the system is the least important factor for success. Almost any system is profitable (although some much more than others), but the real important part is whether you can actually use it correctly or not. It might not match your personality, for example. Also, if you don't manage your money correctly, you can go bankrupt on even the best system in the world.

Unless you have amazing emotional control, have a natural inborn talent for trading (I've never met anyone like this, though), or have a brilliantly flexible mind that adapts quickly, you will most likely steadily lose money day trading for at least the first few months.

The worst part about getting started in day trading is that there's very little way to tell if you'd be successful before you actually start buying stocks and losing (or making) money. Paper trading is not even close to the same as real trading, because there's no emotion involved, or commissions or slippage.

On the other hand, once you have reached the right point, the rewards can be substantial. It took me 15 months of swing trading and staring at computer screens all day long and three months of day trading (losing 50% of my entire equity in the process) before I turned the corner. Now, I can quite conservatively double my money each year (but notice it took me a year to recover from the first year and a half). That's probably a typical story. If you read about Stock Market Wizards by Jack D. Schwager, you'll notice that almost every master trader went bankrupt at one point or another.

Most people quit before they reach this point, and I'd be the first to agree that day trading is not for everyone, or even for most people.

Also, remember this: any person with a truly successful and profitable day trading system would never sell or share it. You can make much more money using a winning system than selling it. Okay, maybe 10% of the systems out there are legitimate, but you'll never know which 10% until you've bought it and lost lots of money on it.

Be careful when looking for winning systems, and always look for a money-back guarantee.

The key to success is not the system the person uses so much as it is the person using the system.

One last word of advice: Unless you're willing to sacrifice thousands of hours in front of the computer and thousands of dollars, and able to stand the emotional and financial pain you will endure, then don't even start.

The thing about the market now is that it is making record new highs. It is either going to go up or down from here. Don't wait and then buy two months from now when it has gone another 20% up. Either buy now or wait for a low. Don't wait for it to go up more, feel the intense pain that you missed it, and then get in. The sooner you get in on a move the more likely you get to participate in it.

Be prepared to loose every dime you have invested, because you can do this easily.

My mother is a day trader. She says you can't get anywhere near serious (as in making a living) without investing at least $100,000.

This, like a lot of things in this life, is very risky. The fact is that most people who try to do this end up loosing money.

But if you are good you can make a ton of money

If you need help with your investments there are many Financial Advisors or Portfolio Managers that can help you.

If you trade on your own it is very likely you will lose money.

I can advice you too.

If your car brokes you don't fix it yourself. Do you?