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Everyone here saying it's not realistic. If you can't make $500 a day. What's realistic? $100 day? You make that much working at mcdonalds. Some traders can make thousands a day, but it's extremely difficult. Also some lose all their money trying. But it's obviously realistic. What's the point...

What? o_O LOL Day traders do thousands of trades(simulations) and spend thousands of hours studying the market. They have knowledge/experience and the best ones definitely use risk management. There are also swing traders and long term traders that don't use risk management.

That was exactly my understanding as well... It is what I was hoping for.

I think I'll just stay away from a margin account for now.

Not sure what that means. So no interest for day traders? Again, I'm confused. I honestly thought it would be more simple. From the research I've done. Let's say, I have $30,000 in my account and I short a stock 1000 shares of $5. The value is $5,000. Therefore it uses the money I have in my...

iTrade. I just realized what I said made no sense. I meant, is it possible to buy long and not use margin? That means when you short sell, you'll always have to pay interest on that amount you borrowed?

I would like to start short selling, but I need a margin account. I don't wanna use any margin, but I need to have a margin account to be able to short stocks. When I open my account, is it possible to not use any margin? How does it work exactly? I select how much margin I want to use or is it...

@beerntrading Ya, I read the definition but didn't really explain percentages. From my understanding a higher percentage is better for people going long, or am I completely wrong?

If a Float Short has a high percentage, does this mean the stock has a low Float? Or a low percentage means low Float? I use Finviz for screening stocks and the Float Short is in percentage. If I want stocks with low Floats, what percentage am I looking for?

# of shares = (account balance * risk per trade) / (Stock price - Stop loss price) Example: Account balance $20,000 Risk per trade 1% Stock price $10 Stop loss at $8.50 (20,000 x 0.01) / (10 - 8.50) = 200 / 1.50 = 133.33 Buy 133 shares

If you look at MTGE, the 20-day lows are very different. Am I going crazy?

I just compared a chart on stockcharts.com and thinkorswim and realized that the stock prices are not the same. I was kind of mind fucked by this, so I went to check Yahoo, Tradingview.com, and also from BMO Investorline... They were all the same as Thinkorswim... The stock I looked at was NLY...

That's exactly what I've been looking for... and its free. o_O

I actually only trade US stocks at the moment and I figured my best bet was IB, but would it be wiser to move my money to the US? Seems complicated, never thought about that.

Yes. It's not uncommon to have a win loss ratio below 50%. You just need your wins to be bigger than your losses.

My question to all of you is, what are your favorite platforms or websites to view charts? I have a Mac and there are not many platforms that are available for Macs. I use Trader Workstation and stockcharts.com. What do you guys use and recommend?

For those who live in Canada, which broker are you with? Is it possible to trade futures? And what do you like and dislike about it?

Does anyone here use 'chat rooms' to speak with other traders? If so, which ones and why?

Haha ya, I totally get it. It's rare (or never happened) that they go into detail. But some personal stories are interesting.

'Chat With Traders' ?