Do you day trade? - GoFuckYourself.com

B-Eazy · 04-05-2004, 07:06 AM

What company are you with? What books are good to read up on to learn basics and more in depth information? Thanks

Shoehorn! · 04-05-2004, 07:10 AM

Quote:

Originally posted by B-Eazy
What company are you with? What books are good to read up on to learn basics and more in depth information? Thanks

If you don't already know, then day trading may not be the best type of trading to start off with. Learn the basics first, start a DRiP plan, then when you really grasp how the markets work give day trading a try. Not trying to make you sound ignorant, just trying to give you some advice. Fool.com is a great starting point.

Dveron · 04-05-2004, 07:13 AM

Check out http://www.elitetrader.com/ also. The do reviews of books and brokers etc.

strobi · 04-05-2004, 07:14 AM

Thank god I don't daytrade!! Don't come winig when you lose it all... (yeah yeah you're special, you can make a profit blabla) DON'T DO IT! <- the best book you can get!

B-Eazy · 04-05-2004, 07:17 AM

Im looking to start small u know mess around, learn loose, gain.. I know poeple making money in the market.. And its good..

woj · 04-05-2004, 07:26 AM

Quote:

Originally posted by B-Eazy
Im looking to start small u know mess around, learn loose, gain.. I know poeple making money in the market.. And its good..

Problem is that if you start small the commissions will destroy your profits. If you want to make some money fast, you are better of investing in smaller companies long term or maybe perhaps buying options.

strobi · 04-05-2004, 07:29 AM

Quote:

Originally posted by woj

Problem is that if you start small the commissions will destroy your profits. If you want to make some money fast, you are better of investing in smaller companies long term or maybe perhaps buying options.

Invest in a solid deversified portofilio with short, mid-ranged stocks. You will see a 10% return/year. (doable) And you won't lose your money.

On the other hand -> start daytrading with lets say 50K$ times 4 = 200K$, lose half of it -> than you're 100K$ in the hole.. you than lost ALL your money and you need to find 50K to pay your debt...

B-Eazy · 04-05-2004, 07:32 AM

How can you lose so much? Im looking to star with like 500 1000 just to play like blackjack

woj · 04-05-2004, 07:44 AM

Quote:

Originally posted by B-Eazy
How can you lose so much? Im looking to star with like 500 1000 just to play like blackjack

with 500 or 1000 day trading won't work...

pornguy · 04-05-2004, 08:39 AM

With 500 to 1000 and day trading, by the end of the month you will either have 0 or 1120.10

It is a lot of work and with such a small amount, it will not pay much fast. But then you may get lucky get a stock to 10cents a share put in the 1000 and sell 2 hours later at 6 dollars.

The worst part is the stress.

itzjamiex · 04-05-2004, 08:41 AM

From what I understand to be a true "Day Trader" you have to have a license and trade big.

If your just trying to play stock, I use ShareBuilder.com.

Head · 04-05-2004, 08:46 AM

Don't get into trading securities! You'll lose your money. If what to make money get some 'highrisk' Mutual Funds and don't go into dept.

Webasic · 04-05-2004, 09:04 AM

Quote:

Originally posted by B-Eazy
What company are you with? What books are good to read up on to learn basics and more in depth information? Thanks

Sounds like you got a little excited after watching Avergae Joe last week

04-05-2004, 07:06 AM	#1
B-Eazy Confirmed User Industry Role: Join Date: Mar 2004 Posts: 1,521	Do you day trade? What company are you with? What books are good to read up on to learn basics and more in depth information? Thanks

04-05-2004, 07:13 AM	#3
Dveron Confirmed User Join Date: Dec 2002 Location: Vancouver Posts: 2,794	Check out http://www.elitetrader.com/ also. The do reviews of books and brokers etc. __________________ Adult Comics Club - Updated Bi-Daily. 60% Recurring Payouts. Exclusive Comic Content.

04-05-2004, 08:39 AM	#10
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	With 500 to 1000 and day trading, by the end of the month you will either have 0 or 1120.10 It is a lot of work and with such a small amount, it will not pay much fast. But then you may get lucky get a stock to 10cents a share put in the 1000 and sell 2 hours later at 6 dollars. The worst part is the stress. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

04-05-2004, 08:46 AM	#12
Head Confirmed User Join Date: Nov 2003 Location: Starship Enterprise Posts: 8,278	Don't get into trading securities! You'll lose your money. If what to make money get some 'highrisk' Mutual Funds and don't go into dept. __________________

04-05-2004, 07:14 AM	#4
strobi Confirmed User Join Date: Nov 2002 Location: Belgium Posts: 7,383	Thank god I don't daytrade!! Don't come winig when you lose it all... (yeah yeah you're special, you can make a profit blabla) DON'T DO IT! <- the best book you can get!

04-05-2004, 07:17 AM	#5
B-Eazy Confirmed User Industry Role: Join Date: Mar 2004 Posts: 1,521	Im looking to start small u know mess around, learn loose, gain.. I know poeple making money in the market.. And its good..

04-05-2004, 07:32 AM	#8
B-Eazy Confirmed User Industry Role: Join Date: Mar 2004 Posts: 1,521	How can you lose so much? Im looking to star with like 500 1000 just to play like blackjack

04-05-2004, 08:41 AM	#11
itzjamiex Confirmed User Join Date: Jun 2003 Location: Dirty South Posts: 124	From what I understand to be a true "Day Trader" you have to have a license and trade big. If your just trying to play stock, I use ShareBuilder.com.