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Old 04-25-2006, 03:38 AM  
strobi
Confirmed User
 
Join Date: Nov 2002
Location: Belgium
Posts: 7,383
And why do you want to daytrade? What is your strategy? Have you build an automated buy/sell system? Are you going for volume? Value? Optionstrategy? Did you see any deficiencies in the market? Are you going to play exchange rates? Stocks? LEAPS? Short term options? If you can't answer those with a clear answer and writtendown model... don't do it. Shortterm investing is a fulltime job... If you only got a few K to lose, go for something simple. If you want to start daytrading/going for deficiencies, you need at least a few hundredK$ for your model to work, and quite some expensive softwate (tradestation). Can you leverage?

If not, buy some gold or oil and leave it at that.
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