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Originally posted by irishfury
How is day trading I know a few people that do quite well could someone give me there first hand experience
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Day Trading is just like any other job. You have to put in long hours and do your research to make it worthwhile.
I have been doing it for almost 4 years and personally I am happy to make 2-3k per week. Serious Day Traders make much more than that and spend way more time then I do.
I spend about 4 hours daily M-F and another 2-3 hours on the weekends doing research. Research is key to making money. With any of the markets you not only have to watch the stock you are buying and selling you also have to watch oil prices and other commodities as they influence all the markets. War, Interest rates and natural disasters also play a large part in the ups and downs of the markets.