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There are too many variables and it will vary from individual to individual. Last fall it was much easier since the market was melting down. Now it's much tougher. And a lot would depend on ability and even luck.

This kind of reminds me of the swing traders who say that people should swing trade because you can't make money day trading. People should trade what they see and feel comfortable with.

Just read everything that you can get your hands on. Once you have a basic idea, you'll be able to scan the index of any book (or web site topic) and know if it interests you. Some brokers have live quotes simulators. I think Interactive Brokers and ThinkOrSwim. Perhaps readers will posts...

That pretty much sums up the OP's post.

There's no limit to the number of trades. $3,000 is the maximum that an individual can deduct for losses. It has nothing to do with your reporting of your trades. Some here claim that they just report their net dollars traded and that the IRS accepts it. If your broker doesn't provide...

With all due respect, if you have to ask strangers on the internet how to day trade then you have no business doing it. If you're not tied to a long term subscription for ESignal, dump it. There's no use paying good money for something that you don't understand. What you need to do is...

Yep, I want more of the good times that this country had from 2000 to 2008!!! ROFLMAO at the blinders you see the world with.

The edge is where you find it not where you think it isn't.

If you have a reasonable commission schedule and do reasonable size, you can make money. I pay 1/2 a ct a share. If I do a 2,000 share pair (1,000 long and 1,000 short) and I nab 25 cents, that's a $230 gain after commish. For some, that's a good intraday trade. For others, it's peanuts...

Have you ever met a therapist or other practitioner of hypnotherapy who sleeps well at night, doesn't get divorced, is successful at whatever they attempt, whose kids are well adjusted, doesn't smoke, isn't overweight, etc. etc. ??? If it worked so well, wouldn't you think that their lives...

Agreed. Spend $900 on booze and hookers and then go waste the rest of the money :)

When Lenny played ball, one of his talents was crowding the plate, often getting HBP. I think he took one too many to the head :)

When comparing risk, you don't compare 100 shares with 200 shares (or option equivalent). If you're going to do that, you could just as well compare 132 OTM long calls to 100 shares.

You're confusing risk in terms of dollars lost with percentage of dollars risked.

In and of itself, profitability of a trade does not guarantee that it's not a wash sale violation because there are more factors involved in carry forwards.. But given that you held no equities after that date and you did not trade in those equities for 31 days, you have no problem.

Your point is well taken but your numbers are off. 60 grand of income is in the 25% bracket so net earnings would be something like 5% or so more (18%).

The Weimar Republic

Printing money and nailing banks out is no immediate cure for what ails us and your upside theory assumes that there's no further bad news/deterioration. You may be right I may be crazy But it just might be a lunatic you're looking for

Maybe. If you sell stock at a loss and buy substantially identical securities within 30 days before or after the sale, you have a wash sale. So if you closed your entire position in November, it's not a problem. You may have wash sales but you won't have to carry the loss forward to...

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