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I work full time and swing trade with stop and limit orders that I put in before the open before I go to work, and I sneak on to this website during the day during slow periods.

I'm just saying bounce right now, not bottom.

I would rather see a newbie go with equity options instead of futures. It is too easy to lose way more than your account equity with futures, options have built in limited risk.

keep us up to date daytrader, I'm curious. It all sounds like B.S. to me. To the best of my knowlege you cannot enroll in a 401K unless you are a W2 employee.

I don't care about replacing fractions with decimals, but I think that going to fractional pennies is just crazy. Also, I wouldn't mind a 5 cent price increment and 5 cent spread on stocks over $10/shr. Its no wonder that the specialists and the market makers just step out of the way whenever a...

I think we are in for a bit of a bounce today and maybe for the week.

that's funny, I was talking to a friend about when the Nasdaq 30 comes out :)

my last message was premarket, after todays action and considering option expiration next week I am looking for a bounce on monday. QQQ could make a nice run.

I agree, after looking at today's action and considering option expiration week, I think we are looking at a tradeable bounce on monday. But, I think it won't last more than through next week.

the odds aren't that bad for a black monday.

you know, I here people saying that "my day trading sucks" but really I have yet to see any real proof that trying to be a scalper and paying commissions doesn't just suck period. I could see buying in the morning and selling in a couple hours if a nice move occurs, but anything tighter than...

This is a powerfull argument against both buy and hold ( pray ) and constant daytrading ( self churning ).

Read "reminiscences of a stock operator" that was published in the 20's. If you read that book and absorb it you will know a lot more than the general public. It also might inspire you because it is about a guy who was a self employed trader by the time he was 21. Based on a true story but...

you have to ask yourself why you want to go to a "prop" firm if you have to put up your own money. If you want leverage, you can go to a retail firm and get 4:1 margin on a 25k account or larger, or you can get into derivatives. If you are unemployed and broke, then you need to get yourself a...

I think there is hope for options and futures traders, but I'm not talking about scalping. Historically there weren't many stock only daytraders that were outsiders paying commissions. That came on big during the bull market. But, as long as their have been standardized exchange traded options (...

try your best to get an internship at a major wall street firm. At 20 with a degree and good grades all you need is experience and a well recognized name of a company on your resume. The majority of "prop" firms are just brokerages and you would just be their customer, putting up your own money...

you missed all the news, after the embassy attack in pakistan the us has determined that india is behind it and we just nuked india. Death tolls in the millions. The hords of the world have united against us. Defense stocks are soaring :)

Yes, success is possible daytrading in this market! you too can make 300% a month ! Just give me your life savings as collateral and we'll get started churning, er, trading your account !

the pickup of trading in the last half hour is one of those things that is a well known occurance. Many people do most of their trades in the last half hour. It effects the entire U.S. stock market and has nothing to do with how the orders are routed.

If your hypothetical person is always margined to the maximum and always 100% long or 100% short, and always strictly daytrading, then I think he is doomed. Between the margin interest, transaction costs, and the occasional unforeseen event in the market, his days would be numbered. The crazy...