Best City for a Starting Daytrader....

[bobcathy1]

I get up at 6 AM EST to trade, and stop work usually around 12.....suits me just fine. All depends what you trade?

 

[Gordon Gekko]

Quote from ghostrider:



run errands?? look at charts?? plan strategies??

how about a round of golf or fishing? or maybe some fun exercise

lol..

 

[I Missed Boat]

Quote from nitro:


As the original question is about _STARTING_OUT_, if you don't have enough money to put down at a firm, you don't have enought money to start on your own either. Further, putting on the lid when you first start out is the best thing that can happen to you.

nitro

This is true! My only point was that its not ONLY the firm's money that a beginner is trading with, as it often was in the past. And $5-$10g is the low end. Many firms expect $20-$25g to start.

 

[azzie]

well, I trade in GMT +2 and I can tell you that it sucks.

Market opens 4.30PM and closes 11PM meaning my working hours are something like 3PM to 12PM......

ugh

 

[TGregg]

Quote from azzie:

well, I trade in GMT +2 and I can tell you that it sucks.

Market opens 4.30PM and closes 11PM meaning my working hours are something like 3PM to 12PM......

ugh

You are a madman. I wouldn't mind GMT-6 though, mebbe I should move to one of those central time zone states with no income tax. . .

 

[daniel_m]

Quote from azzie:

well, I trade in GMT +2 and I can tell you that it sucks.

Market opens 4.30PM and closes 11PM meaning my working hours are something like 3PM to 12PM......

ugh

oh, poor baby.

try this dude: GMT +10. market open 1.30 AM close 8 AM.

 

[candletrader]

Quote from daniel_m:



oh, poor baby.

try this dude: GMT +10. market open 1.30 AM close 8 AM.

Ozzie ozzie ozzie, oi oi oi

 

[WDGann]

I'd say Florida is the best.

Warm Weather...

Low Taxes...

Same Time Zone as NY...

and Beautiful Woman...

 

[bobcathy1]

I agree Florida is great, or Delaware if you like it cooler, because of the tax situtation. Though there is an intangable tax on stocks in Florida.

 

[jack hershey]

Quote from nitro:


As the original question is about _STARTING_OUT_, if you don't have enough money to put down at a firm, you don't have enought money to start on your own either. Further, putting on the lid when you first start out is the best thing that can happen to you.

nitro

I started with 300 bucks in 1957. I wonder where I went wrong then. I added from salary and only made 10% a month at the beginning. It took me at least three years to have an income equal to my engineering salary. I had to work for five long years until I gave up working for a living.

Somebody clue me in please.