Stock day trading?

I would like to start day trading with a meager $1,000. Where is the best place to sign up on line, Etrade, Scottrade etc. and where do I go to get the best tips for quick cash?

Public Comments

1. You cannot daytrade with $1,000.00

It's against the Law.

2. Etrade has had some problems with customer service.Scott trade and Ameritrade seem to have better customer service I use them.You would have to trade in penny stocks which can be dangerous if you do not do good research.I would look at NSMG with the hurricane season starting, it runs up this time of year.
http://pennystocks.forumsfourfree.com

3. If you are thinking of day trading with only $1,000.00 and just starting to trade you will find the money gone very quickly as it would take more money to pay the trading fees than you would make. I would suggest opening an account with Scottrade or another discount broker and do a lot of research and study before trading.

It is not easy to trade with a small amount of funds, If stocks are sold the funds are not called secure untill 3 trading days after the sell and if other stocks are bought with these funds they can not be sold until the the funds are secure from the previous trade. If you do sell them you will get a warning and if you do it again you will be suspended from trading.

One bad trade can reduce $1,000.00 to $300.00 in one day.

Day tradeing is not as easy as many people think, it requires a lot of research and skill. Start by learning the basics and nvesting carefully and by the time your funds grow you will be more prepared for day tradeing.

4. I want to try to start day trading too but you just can't make more than 3 trades in a 5-day period. Any more than 3 and you will need $25,000 dollars in your account and that's with any broker. It's an NASD rule that everyone has to abide by. I'm still going to go for it though but I'm only going to make 3 trades a week. I think if you buy a stock and sell it in the same day that counts as only one trade. Good luck!