For many people, frequent trading is a "fool's game". But like touching a hot stove, or testing the "wet paint" sign, many people have to "experience" the day trading losses themselves.
And don't be fooled by the "sales" people that want to teach you to make money "day trading". Think about it, if you could make a fortune day trading, why would you mess with trying to convince others to "day trade"? Why not just "work" a couple of hours in the morning, make $50,000.more or less, and then hit the golf course or the bar for the rest of the day?
Read about the Warren Buffett Way. Do it like he does it and in 25 years you will be tens of thousands (if not hundreds of thousands) dollars further ahead.
(buying low and selling high is easy to say but hard to do)
Brokers make money when you trade. They charge you a commission - $7.95. How does them stopping you from trading make them any money??
you get message " your internet connection is down " or " unable to connect to server".
Then my account get closed & I go elsewhere. Any broker that does this wouldn't stay in business very long.
The longer you play, the more they make. So, no I suspect that a reputable broker wants you to be a successful, active trader. The problem lies in your trading infrastructure. As a partial solution, reseach proprietary trading if you intend to day trade. Maybe direct access will allow you to be more efficient.
Brokers don't care whether you "make money" or not. It's your transactions that make THEM money. That's why "trading" is a fool's exercise.
You open a trading account expecting good profit but you make huge loss initially then slowly start to understand the logic of trading in stock market by the end of 1 or 2 years. Now you start to make small profit most of the days. you indulge in intraday trading. then starts the problem. whenever you try to place an order your trading window freezes you get message " your internet connection is down " or " unable to connect to server".
My doubt : Is the broker unhappy when you start to make profit? Do you face this type of problem? Please share.
