Thinking about day trading.
 

I have been sports betting for a few years now and I have been studying the market lately. I'm thinking about day trading and I am searching for a good book or site where i can learn more about day trading. Any ideas?

Re: Thinking about day trading.
 

amazon.com

Re: Thinking about day trading.
 

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amazon.com

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Look at "Reading Lists".
There are hundreds of books to read!

Do you want to invest (LT) or trade (ST/MT) or both?

Day Trading is not the best way to get started for smAall accounts due to commisions, etc.

Re: Thinking about day trading.
 

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I have been sports betting for a few years now and I have been studying the market lately. I'm thinking about day trading and I am searching for a good book or site where i can learn more about day trading. Any ideas?

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Vegas. Traders Expo.

Re: Thinking about day trading.
 

Would anyone object if I made a day trading megathread with a bunch of good starter info?

Re: Thinking about day trading.
 

You'll find out faster by doing it.

Re: Thinking about day trading.
 

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Would anyone object if I made a day trading megathread with a bunch of good starter info?

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please make

Re: Thinking about day trading.
 

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You'll find out faster by doing it.

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I'm pretty sure we would all appreciate that, even after reading over 10 books on day trading there are so many aspects I just dont get. Not to mention technical analysis ugh, that's a whole new bear.

Re: Thinking about day trading.
 

Okay, I mentioned it earlier, but it's already started, and I'm leaving tomorrow to go there, so I'll expand a little on the Traders Expo in this thread.

It started Wednesday I think, and runs through Sunday at the Mandalay Bay. Most educational sessions are free, as is the trade show. Of course, everyone has a service or book they're trying to sell you, but there's just a mountain of free info handed right to you. Plus some freebies like magazines, mousepads, etc. Newbies will be astounded at how big an industry the stock and futures trading markets really is. All the main software vendors, brokerages, and service vendors will be there, as well as just about any trading book you could imagine.

Re: Thinking about day trading.
 

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Would anyone object if I made a day trading megathread with a bunch of good starter info?

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Sounds Great
Go for it Art [img]/images/graemlins/smile.gif[/img]

I will pitch in whatever positives/negatives I can...but be prepared [img]/images/graemlins/smirk.gif[/img]

Stephen

Re: Thinking about day trading.
 

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Would anyone object if I made a day trading megathread with a bunch of good starter info?

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Definitely not. Please do it.

Re: Thinking about day trading.
 

I'm curious as to how big of a BR would someone need to have a decent amount of capital for day trading. I guess you could do it with any amount but to make a living out of it and not have to speculate on small caps too much, how much would be a good starter amount?

Re: Thinking about day trading.
 

At least $30k. You need $25k, by regulation, to open a daytrader account. Then you need a little buffer for downturns.

That would be an adequate amount if you already knew how to successfully trade. If not, you're going to burn some money learning it. In the current environment with a lot of volatility, a skilled trader should be able to average around .5% to 1% a day, which translates to $37.5k to $75k per year. I've seen talented guys do much better than that.

Re: Thinking about day trading.
 

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At least $30k. You need $25k, by regulation, to open a daytrading account. Then you need a little buffer for downturns.

That would be an adequate amount if you already knew how to successfully trade. If not, you're going to burn some money learning it. In the current environment with a lot of volatility, a skilled trader should be able to average around .5% to 1% a day, which translates to $37.5k to $75k per year. I've seen talented guys do much better than that.

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I always reco'd a $30k start(which will give you $120k in intra-day buying power) as pig4bill implied...as the extra $5k allowed for abit of wiggle room to avoid a DT'ing Margin Call....which is a BIG NO-NO

Theres SOOO much more to go over....but we will start here,and when Art make his mega-post,we can really get into the deeper details

Stephen [img]/images/graemlins/cool.gif[/img]