One of the reasons I like Position Trading

[edbar]

Quote from MTRIG:

Use InteractiveBrokers at a $1 a trade no worries.

IB is great at $1 for 200 shares or less. But if you trade 1000 shares IB charges $5.00.

http://www.OptionsHouse.com charges a flat fee of $2.95/trade (unlimited shares).

Ed

 

[konviction]

bump

 

[Buy1Sell2]

The fact is --Stops are more easily placed on daily charts than they are on intraday charts. Intraday charts reveal support and resistance points that are so minor in nature that most of the time, they cannot even be considered

 

[Buy1Sell2]

Are there more opportunities in day trading? --Yes

Are the opportunities smaller in nature when day trading--Yes

Do most day traders miss most of the opportunities--Yes

Should a newbie day trade---NO

 

[Buy1Sell2]

Quote from coolweb:

Correct.

Short term is much more prone to failures.

Bingo!

 

[Buy1Sell2]

I believe that a higher percentage of day traders fail than do position traders. Day traders generally believe that they are able to control losses quickly by having close stop losses, but in reality, day traders in general miss the big moves that help their account survive and indeed, prosper. New traders are attracted to day trading because they feel it is exciting but they won't have to lose much. In the meantime, their accounts are slowly bled to death with whipsaws, commissions etc. --Day trading should only be attempted by experienced traders, not newbies.