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Old 08-26-2010, 09:36 PM #1
ayabrae
 
 
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Day-Trading?

What exactly is a day trader? I googled around a bit and, from what I understand, it's just somebody who trades stocks all day and makes a living off of that. How viable is it as a career option?
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Old 08-27-2010, 06:52 AM #2
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Originally Posted by ayabrae View Post
What exactly is a day trader? I googled around a bit and, from what I understand, it's just somebody who trades stocks all day and makes a living off of that. How viable is it as a career option?
not viable at all
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Old 09-05-2010, 10:32 PM #3
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if you did that for a company it would be. but im sure it would be salary, unless they give you a cut of the profits you earn.
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Old 09-06-2010, 08:07 AM #4
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it is very viable, put in all your money and let us know how it goes!!
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Old 09-21-2010, 04:36 PM #5
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It can be viable.
Just like you can make millions playing pro football.

Or you can get killed and be worthless.


It really boils down to how much $$$ you have to play with and what are you happy "bagging" as far as gains.
I.e. you can play a stock that swings only .05 in the day.

Now that's only .05 but on 100,000 shares thats $5k profit for the day.


Of course you'd have to have whatever capital needed to buy 100k shares of X for whatever price it is.
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Old 09-22-2010, 12:04 AM #6
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Quote:
Originally Posted by PbN_AutoTrader View Post
It can be viable.
Just like you can make millions playing pro football.

Or you can get killed and be worthless.


It really boils down to how much $$$ you have to play with and what are you happy "bagging" as far as gains.
I.e. you can play a stock that swings only .05 in the day.

Now that's only .05 but on 100,000 shares thats $5k profit for the day.


Of course you'd have to have whatever capital needed to buy 100k shares of X for whatever price it is.
Or you could just know what is really happening. The North American Securities Administrators Association did a study and found that 11.5% of traders were profitable, 18.5% were breaking even, and 70% lost money. Other research since that study has supported those results. Of those making money, only 2-4% make big profits. The odds are really against you.

You are probably better off at the craps table.....
.... and I hate gambling.
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Old 01-15-2011, 08:21 AM #7
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i googled it to and just got a bunch of pics of guys on ledges ready to jump :/
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