Day Trading

Without knowing what you already know, it's hard to know what to tell you. What I will do is give you a link to great site for explaining the tax implications of trading stocks.

http://www.fairmark.com/capgain/

You can choose how much of the material you want to read, but I suggest you be sure to read the section on "wash sale" rules given the way you described your trading.

The most important thing to know about day trading is most people lose money. I would do some research before I got into it.
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!

There are thousands of books that will help. (You are going to lose money in the long run day trading) I would start with "One up on Wall St" by Peter Lynch. Its an easy read and simple concepts.

Try this
http://adityamoney-aditya.blogspot.com/

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No.

$3000 is too high a cost to pay to learn what's all free and available all over the net.

Go and download the "OPTIONS TOOLBOX" and play with it. Everything you need to know is there.

You can get this from http://www.cboe.com/LearnCenter/RCTools.aspx

Explore CBOE - Chicago Board Options Exchange, for wealth of free information on options. There you have links to other sites too - Options institute etc.

Buy the book - Options as a Strategic Investment by Lawrence G. McMillan, for lot less than $3000 ( think it's $50 at Amazon.com )

p.s.
Mr.DowJones assessment that Option trading is riskier cannot be more wrong. On $ for $ basis, with respect to Risk & Reward, stock trading is lot riskier than option trading. Options goal is to minimize risk and maximize reward. No such thing with stock trading

Whatever disocunt brokerage firm you go with absolutely make sure to demand a money market fund for your cash account. ETrade and TD Ameritrade recently changed their policy and now pay less than 1% on cash…the income they earn by paying their customers less than 1% on cash and simply turning around and depositing "your" money into a money market account earns them huge profits (for ETrade it accounted for nearly 1/2 of their net income for the recent quarter)..Great way to treat their customers don't you think….I can't believe so many investors let them get away with this practice…I can't stress enough that all discount brokerage customers need to look into what their firm is paying on cash and either demand a money market fund return (4.5-5%) or take your business to a place like Wells Fargo Investments that offers money market funds for idle cash and up to 100 free trades per account/year if you have over $25k between deposit, loans, and brokerage (including IRAs).

I strongly suggest you to leave the stock trading to the Experts.

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?

For technical analysis the sites are
stockcharts.com
stockta.com

earnings.com (great during earnings season)

It's even easier to loose 1%…..
And don't forget commissions and taxes you have to make more then 1% just to acheive 1%. As an example, you invest $1000 and make 1%. That comes out to $10. But even at scottrade, you pay $7 to buy and $7 to sell and $3 in taxes. So your 1% gain of $10 costs you $17. Even on $10,000, your gain is $100 but taxes and commisions take nearly half of it.

investing isn't like pitching quarters…. you actually need to learn things and it's a lifelong endeavor….

There is a difference between 'traders' and 'investors'. In the long run traders are statistically losers. That's why there are so few Warren Buffets in the world.

success in anything of value takes effort, knowledge and experience. There is not some little trick that is going to make you rich.

If you're interested, here are some things you can learn to be an investor. It's not as exciting, but it is more successful…. you can always use 10-15% of your portfolio to gamble with, but learn to be an investor with the bulk of it.

Start by getting a subscription to Barrons or Investors Business Daily… Do this for 6 months or a year. At first, It seems a bit mysterious, but pretty soon you start to understand the terms and things that investors are looking for and what they are afraid of

Go out to the internet and search on the following subjects. Become very familiar with the concepts.
Asset allocation
Long term investing
inflation
Roth ira vs ira
Large med small cap
Value vs growth
Indexed mutual funds
No load mutual funds
ETF
Sector funds
Bonds CD preferred stock
dividends
International funds
Market cycles
volatility
Fundamental analysis
Technical analysis

In most cases, I think it is wise to use indexed mutual funds and ETF's to build the base of your portfolio.

Good luck