Thinking about becoming a day trader?
What step should I take if I wanted to be serious about becoming a day trader? I am 19 years old and currently in school perusing a degree in professional golf management. However my farther has taught me a great deal about stocks, investments etc.. (Hes a financial adviser for Met Life)
I understand that the market right now is horrible. However, I’m hoping with a new president and a new year coming up that things may get better. I have an account with scottrade ready to go. I am just not sure what are good source websites for quotes, tips, etc. I’m very serious about learning how to work the stock market and do it well.
I know that day traders normally lose money, I am willing to treat it like a full time job, and put my time in to research companies. Any ideas, comments, are well appreciated. Thanks. -Chris.
First, you need to be clear about what you want.
Daytrading requires almost no company research, little knowledge of investing. Day trading is pure speculation, and you need a real time data feed (NOT a website for quotes) and a good charting program.
Get yourself a half dozen books, and then go take a few classes. There are some decent webinars out there as well. Spend 6-18 months learning about day trading and practicing in real time. And btw, this is a GREAT market for trading (but not so good for investors), so your first mission is to understand the difference between trading and investing, and be clear on what you want.
|
|
The Talent Code: Greatness Isn’t Born. It’s Grown. Here’s How. $12.23 With a canny grasp of his subject, Daniel Coyle looks at the development of extraordinary talent, particularly in athletes, and the “revolutionary scientific discoveries” unlocking the “talent code” behind it. Cutting across the nature/nurture argument, Coyle examines research into myelin, a neural insulator produced when we repeatedly “fire a particular circuit&rdquo… |
|
|
Zen Golf: Mastering the Mental Game $8.42 Zen Golf…Learn The Keys To Mastering The Mental Game! The best players know that great golf comes from confidence and concentration-the ability to stay in the present and block out distraction. Achieving a clear mind is also at the heart of Buddhist philosophy and practice. In his highly original and groundbreaking book, Dr. Joseph Parent, both a noted PGA Tour coach and a respected Buddhist tea… |
|
|
Harvey Penick’s Little Red Book: Lessons and Teachings from a Lifetime in Golf $7.95 Harvey Penick’s Little Red Golf BookEvery time he found something about the swing stance or the mental approach that proved to be consistently successful Harvey Penick made notes in his notebook. He gathered notes for 60 years and let no one read them except his son Tinsley until the publishing of this bookAuthor: Harvey Penick… |
