Where can i find some day trading tips?

im looking to get into day trading but dont know where to start, i need a good site with some free guides for beginners.

Public Comments

1. scottrade,com

2. Day trading tips you can find in any financial website like bseindia.com , nseindia.com , moneycontrol.com, indiainfoline.com, dsij.in or magazines from dalal street investment journal will also help you a lot. Basically for day trading tips you need to be update with what is happening in the market because it may affect the stock market. You need to look in each and every area while day trading.

3. There's no such thing as "day trading tips". There are web sites that will tell you what may be in play..... then it's up to you to use your "technical analysis" skills to know when to enter and when to exit. Even if they give you these parameters.... You should still have the knowledge to protect yourself.

A good "day trader" only gets 40% - 55% of their trades correct. I'm right in the middele @ 50%. The real skill is "trading money management" including position sizing.

Here are two great swing trading services that also day trade;
http://tradesetups.com/
http://www.alphatrends.net/

Also check out;
StockTwits.com

4. The problem with day trading is the shorter the time frame you're trading on, the more random the data is http://www.myforexdot.org.uk/TradingTimeFrames.html

I wouldn't recommend it, however if you MUST day trade here is a great tip. Use the ADX indicator on 1 - 5 minute charts with time based exits.

You can only make money off a trend and when the ADX is sharply rising a strong trend existed and probably still exists. A high ADX reading is best but what really matters with this indicator is how fast it is rising.

Best thing I can suggest is you look up this excellent indicator if you're really going to day trade.