Stock Trading and Other Things

Can anyone suggest best tips For intraday trading?

Actually i am a day trader and i have lost much in intraday trading cause i am new to it.

Public Comments

1. Most newcomers lose money at day trading. They usually continue to lose money as they get more used to it. Day trading is very hard to be profitable at.

The majority of people who day trade lose money. You can see this is the consensus by web searching on the terms "day trade" and "lose." Of the few people who make money day trading, most of them work for brokerages. The people who work for brokerages have the lowest commissions, and they can make money on low margin trades, while the small guy would lose money on the same trade from commission costs. If you have the low commission rate of the insider, you can make small amounts of money on a large number of computer automated trades.

Some people will say, "It's true that the majority of people lose money on day trading, but if you work hard you can succeed." However, the majority of people that work hard also lose money. There is no proof that working hard at day trading will ever give you success anymore than working hard at video poker will make you a success. Some things are just very hard to do.

You can find people on the internet that says things like "It's true that the majority of people lose money day trading, but if you use the methods at say bogustrading,com/q2237 you will make money. However there is never real proof that the methods at "bogustrading" work. Do you see the "/q2237" at the end of link? That is called a referral tag. If you buy something at bogustrading, then "q2237" gets a kickback. The guy who is giving you advice to go to bogustrading is only referring you there because he hopes to get a kickback.

However, don't believe anything I say, because a lot of the people here on Yahoo answers are trolls. Instead, read the U.S. Government links below to learn of the problems with day trading.

2. After a couple of years trying to learn to trade I have come to the conclusion that day trading is not a profitable venture.

You will have to find a way to move to higher time frames which requires a larger capital which means initially you might have to keep the size of your trades small. It will be profitable in the long run.