Novice

There is a substantial body of research and evidence that shows that the vast majority of day traders are not successful and are not profitable.

It is virtually impossible to make money day trading unless you have a substantial amount of capital (e.g., $50K or more) and you have access to extremely sophisticated tools, resources and trading platforms that are very expensive, and often only available to institutional accounts.

It is possible to make money with swing trading or positional trading, which usually refers to positions that are held for a few days or a few weeks.

BMK
 
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BMK said:
It is virtually impossible to make money day trading unless you have a substantial amount of capital (e.g., $50K or more)
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absolutely true

but that begs the question if i had that kind of money why on earth would i day trade.

you actually make very little.

but you are free
 
caroy said:
What products are you looking to trade? Options? If yes can recommend a reading list.
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I have not yet decided on the products as I am in my learning phase. But you can share the options' reading list.
Thanks in advance pal!
 
Sheldon Natenberg - Option Pricing and Volatility
Euan Sinclair - Option Trading - Pricing and Volatility and Strategies and Techniques
Euan Sinclair - Positional Option Trading
Dan Passerelli - The Market Taker's Edge
Brian Johnson - Option Strategy Hedging and Risk Management
Anthony Saliba - Option Strategies for Directionless Markets
Jeff Augen - Trading Options at Expiration

Do not read - The Complete Guide to Selling Options or do and then disregard it.
 
I found it very very hard to trade options. I got a feeling I'm doing my analysis, which software could do better instead. Stocks are more liquid and easier.
 
adamovicm said:
Stocks are more liquid and easier.
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Most options do not have enough volume to be tradable.

Most serious options traders stick to indexes, the big ETFs like SPY and QQQ, and few individual stocks that have substantial volume in options.

BMK
 
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