Day trading is upon me. Any tips?

I just began day trading and was wondering if anyone could provide any tips/suggestions for making it a successful venture. Thanks in advance!

Public Comments

1. I'm a great failure at it, only because I don't focus on it, but I have good days to.
You can make good money from the volatility, as long as you are disciplined

2. close your account and go home. stay there.

the odds are at least 50 to 1 against you. everyone with any serious money in the market is a pro and they all make their money by taking yours. they've been doing so for years now -- you can't match their experience and methods.

if you insist on playing -- play only with money you can afford to lose and never, ever put more money in.

3. i daytrade from 8 to 4 everyday then i go to my summer classes from 6-9pm everynight...

goodluck

trade faz and fas ...tza and tna...edc and edz...erx and ery...srs

4. http://www.insidetradingstocks.com
the day trading hub!

5. Find an online trading simulator and test your method(s) of trading first. Better that than losing trying to figure out what works and what doesn't.

6. I might suggest aig as a good stock. don't invest yet though, aig is an insurance company and they insure gm who just announced bankruptcy. there is the too big to fail law which should hold aig above the water and keep them alive. wait for a good dip in the stock where the proof of gm failing occurs. when it comes up then invest.

7. My suggestion is to first spend at LEAST 6 months researching, doing picks, and investing fake money. I recommend you do that for about a year before starting to day trade since the real thing isn't like the make pretend it's tougher since your emotions get in the way. Don't get overconfident and cocky thats when you make mistakes, and don't give up either you learn as you go along. Find the best indicators and patterns that work for you and RESEARCH them. What I do is keep 9 different notebooks and pick a stock that has triggered one of my indicators/patterns even if I wont buy it and follow it for 4 months to better understand each one of my indicators/patterns. You can never be too picky, pick only stocks that you are 100% confident will rise it's better to make a little steady stream of money then making a lot today and loosing more tomorrow. I know watching something for 4 months isn't day trading but you should do whatever you can to learn even if it means to go out of your field; any info is helpful. NEVER force yourself to enter a trade just to make a trade and not to miss out, only trade when it's the right time. Make your own rules and procedures when entering a trade and FOLLOW them, you made them for a reason. Always have a stop and follow it don't ever hope that it will get better because that's when it gets worst. Keep a trading journal and explain why you entered the trade, the outcome, and what you learned. Never stop learning and researching since the market always changes. Read as many books as you can and read as many charts also. Become a robot and follow your own directions exactly with no buffer zone. DO NOT LET EMOTIONS DRIVE YOUR TRADE. Most importantly have fun.

P.S a good long right now is BAC and C, so you at least make some money while you are researching

8. AIG was be a best stock to invest if you plan to invest for a long term, because AIG is too big to fail and beside AIG no longer need government bailout money. if you invest in AIG are now you returning profit is 10-30 times in 3-5 years.