best online discount option firms for day trading?
need the cheapest , pick my own
Public Comments
1. Are you asking for the best firm to day trade Options?
(which is rarely done, opportunities to profit in options day trading are not high)
Or do you want the best broker simply to day trade stocks?
Either way the fact that you "pick your own" is inconsequential. To day trade you need a good platform, with great charting and and some form of Active Trader functionality (in addition to normal trading). I know of no platform that has an active trader component for options... but Options are hard to trade quickly... unless you use a market order... which could kill your profit.
Here's an article to help you on brokers (by Barron's);
http://webreprints.djreprints.com/2390280139740.pdf#view=fitV,100
Needless to say..... on average it takes 3-5 years to be consistently profitable in trading. Most people never get to that point.