Dumb idea for most people; 80% of new traders fail. There are lots of easier ways to make money. If you're just doing it for the money, it's too much work, too stressful, inconsistent, and full of heartache and disappointment. You're wrong about half of the time, and most people can't handle that, let alone the head games from fear and greed and excitement. If you can run a business and treat it like a business, it might work, but if you like gambling, just forget it. Even the fact that a gambler can accept risk does not make him a gambler, usually just a loser.

From one mentor:

Most traders we speak with have learning curves that have cost them between $15,000 and $70,000 and up to two years in time.

If just 50% of investors or traders or even professionals and fund managers could beat the S&P 500 index, it might be worthwhile. But 90% of all people can't do that, so what makes you think you can? Why would anyone choose a 90% failure rate? Because it offers "potential?" Why would you choose a life of stress and hard work and long hours and failure and heartache over simply buying an index fund or etf and go with the winners long-term?

Read the book, Stock Market Wizards, by Jack D. Schwager. He interviews a dozen or more top traders of our time. Almost every one of them lost it all before finally figuring it out years later, and many of them lost it all several times. Why would you choose that simply to make money?

You must be born a trader to endure the heartache. You must be perfectly matched to trading to succeed. It is similar to playing a musical instrument. Either you are born a musician, or you are not. For example, you cannot make a duck into a good runner. No matter how hard or how long he trains, no matter how much he learns, no matter how much experience he gains, he will only be a mediocre runner. It doesn't matter how much risk he is willing to take or how much control he has over his impulses.

Becoming a mediocre trader isn't worth it; just dumb.

Day Trading Strategies For Beginners

http://www.investopedia.com/articles/tra...

Article: Trading is Timing

http://www.investopedia.com/articles/tra...

Before you decide to become a day trader, check out these articles, first by the SEC (Securities & Exchange Comm), second by the FTC (Federal Trade Commission, and third by the Motley Fool:

http://www.sec.gov/investor/pubs/daytips...

http://www.ftc.gov/opa/2000/05/daytradin...

http://www.fool.com/investing/small-cap/...

About.com: 'Becoming a Day Trader'

http://daytrading.about.com/cs/education...

Five Minute Investing: How To Evaluate A Trading Strategy

http://www.investopedia.com/university/f...

The Cardinal Sin Of Beginning Investing -- And How To Avoid It

http://www.investopedia.com/stock-analys...

So..

You should try with Penny Stocks Trading (you can find more info here: http://pennystocks.toptips.org)

Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share.

I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give. He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions. Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago. On just one of Nathan's picks this year I managed to make my investment back ten-fold! Be careful! Penny stocks are notoriously risky but if you follow the right method the risk is almost 0. I suggest to invest only little money first and then reinvest the profits. This is the site I'm using: http://pennystocks.toptips.org

Cheers.

Hi Jagadish,

If you are really serious about wanting to be a full time trader, i suggest you need to ask yourself how much knowledge do you currently have on stock trading. Before you do anything else, you need to understand how the stock market works. The Winning Trade System may be the answer and the guide that you're looking for right now. Watch the video and do visit the site for more details. You will not find a more simple yet powerful trading strategy anywhere else on the internet. That i can guarantee!