Are you asking if its possible to have a career in day trading?
Sure, you can be a stock broker...
Or
Are you asking, if you can make a living (support yourself), by trading stocks.
In this case, I would say probably not.
Even professionals that have spent their lives studying the stock market have trouble predicting changes. What hope does that give to an average person? Furthermore stocks are meant to perform well in the 'long run' and not from day-to-day.
I suppose its possible to make constant gain if you index the 'entire market', however it probably won't be enough to let you quit your day job..***:D
The important problem with your question is the word "can." The State of Georgia pulled 100% of Georgia's day trader records to see what the performance was. Over time, 90% lost 100% of their day trading portfolio. The percentage profit of the remainder was well below what should happen due to chance, overall. A very small percentage made a very good return, but there is no evidence skill was involved.
It is not advisable to rely on Day Trading for living. Day trading is highly risk. May try to get extra income. But should invest only the surplus amount in Day Trading. Take care in short selling.
Yes it can and is being done every day of the week. All my traders make a very handsome living trading securities but day trading is not for every one
To be a day trader you must first know how to trade and in order to trade you must know how to invest. To day trade you need several years experience as a trader. You must know the products and the markets in which they trade, how security transactions are cleared and more importantly you must know the rules that govern those products and markets. So you must know what you’re doing, why you’re doing it, and how to do it.
You bet. Swing trading is perhaps a little more certain;
this involves a willingness to hold a position for several days or longer, but the rules for buying power will be different. I personally use a mix of day and swing trading.
The secret word of trading success is "organized". You can't be successful without a strategy, a plan and some kind of technological support. I use a software called "autobinary signals" that is helping me a lot. There are plenty of them on the market. I recommend this one because it's very easy to use (you don't have to be an expert or have special skills to make money with it).
Check it out here. It's worth it: http://tradingsignal.toptips.org
Learn to handicap horses instead. You can go to the track. Get some fresh air. Meet new friends.
Unless you have "inside information" day trading is a loser for most people.
While you will probably pick a few winners, you will definitely pick losers. Combine those losses with transaction costs and taxes (short term tax rates are nothing to be sneezed at) and you have a recipe for disaster, for most people.
I don't know where these guys are coming from..........day trading is the riskiest way to try to make money. Let's call it what it is..........gambling.......... If you like to gamble than this is for you. I personally don't like gambling. I'm an investor.
Here's the key..... get a job......live below your means......and invest wisely...
Day trading is not wise
You can, if you know how. Otherwise, if you don't have a perfect system in place, stick to long-term holding.
absolutely; there are tradeoffs, and many fail, but you can make enough to support yourself independently of a 'day job'.
yup
where have you been that you didn't know this?
under a rock?
