Day Traders?

[Funky Bastard]

Where do you day trade at? scottrade.com looks pretty good?

[fris]

my friend works at swifttrade.com in toronto

i know a few people who use them

[johnny1]

netaction with the royalbank. been with them for 5 years. very happy with them.

[irishfury]

How is day trading I know a few people that do quite well could someone give me there first hand experience

[mynetporn]

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

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.

[Young]

Day Trading is risky andlike throwing away your money if you don't know what your doing.

If you want to throw away your money go with Options.

[Platinum Doug]

I used to do regular interviews with the Swift Trade guys. Man, that's scarry business, though! $100,000 buy-in and it can be gone quicker than quick! Yikes!

The one thing I learned when covering the markets was that nobody knows what they're talking about. I don't like the idea of my money being "bet" on educated guesses. But that's just me . . .

[Helix]

I use Interactive Brokers, but I'm not a day trader.

[Thurbs]

if you're really serious about day trading, and want to make it your lifeblood.

I'd suggest looking into something like TradeStation where you get not only a live data feed but live buy / sell processing which is faster than the usual competitor as well as the ability to trade on all the markets, like the Forex and commodities.

Just my opinion because I've had great service and experience with them. Low contract rates on options trading, comission free FOREX and their stock comission rates are very competitive with a full scale depending on trade type.

but like the above said, its a full time job like any other, your on the market all day, you need to keep charts / graphs and perfomance logs, and then review and improve.

good luck.

[BigWebRev]

scottrade, etrade, fidelity are a few in use.

[strobi]

Daytrading is working for your money. Just invest your money in stocks, nice returns and no work at all...

[canplayer]

I use interactive brokers to, the canadian one. I used to day trade, lost a lot, won a lot, then lost a lot. Then I got tired of it, and realized you really need to have a focused frame of mind for it. So before you even start, try doing something else.

[assneck]

if you know what your doing check out http://www.freetrade.com/

its like a $1/trade with no minimums or fees. they are like a company of ameritrade.

[cool1g]

i use Tradestation for my commodities trading and Scottrade for equities and options....though i am moving my options trading to OptionsXpress....