Anyone Daytrade?

[Dirty Hippy]

Decided to dip my foot into the water of day trading recently.

Sadly I have been getting my ass kicked around like a bad dog.....

Any professional trading tips?

[Premium Parrots]

yes.....buy low and sell high.

[bakerbarber]

What do you know about trading?

Are you using puts and calls?

The best advice is to remove all emotion, set a target, and a loss tolerance. Abide by it.

Hit your goal and move, reach your loss tolerance and bail.

Know more about the stuff you're buying and trading than the average Joe.

Try trading after hours or on international exchanges.

Study the fundamentals and also the technicals.

Read about Eliot Wave and try to recognize the Fibonacci ratio.

Go with your gut and don't put up more than you could afford to lose.

Now is a good time of year to dabble in commodities. They're not for the faint of heart. There is serious risk of loss. Futures come with extra baggage you need to thoroughly understand. Don't get margin calls. Know when your contract expires and always be aware of the outside influences and the expiration date of your contract.

A good buy right now is #11 sugar and Corn.

If you hear a recommendation about a stock or commodity on mainstream media, you missed your chance.

Buy a book and do some mock trades by keeping track on a spreadsheet.

Long term investments should be concentrated on vehicles that pay dividends.

Create an account on Barchart or Futuresource and study historical charts.

You'll find your groove.

[Crow]

Try trading after hours or on international exchanges.

Trading on the foreign markets is tons of fun (... for me anyways)

Just don't go overboard with it. Find a reasonable percentage of your portfolio to dedicate towards foreign investment, but don't go all in.

[wa3zrm]

What do you know about trading?

Are you using puts and calls?

The best advice is to remove all emotion, set a target, and a loss tolerance. Abide by it.

Hit your goal and move, reach your loss tolerance and bail.

Know more about the stuff you're buying and trading than the average Joe.

Try trading after hours or on international exchanges.

Study the fundamentals and also the technicals.

Read about Eliot Wave and try to recognize the Fibonacci ratio.

Go with your gut and don't put up more than you could afford to lose.

Now is a good time of year to dabble in commodities. They're not for the faint of heart. There is serious risk of loss. Futures come with extra baggage you need to thoroughly understand. Don't get margin calls. Know when your contract expires and always be aware of the outside influences and the expiration date of your contract.

A good buy right now is #11 sugar and Corn.

If you hear a recommendation about a stock or commodity on mainstream media, you missed your chance.

Buy a book and do some mock trades by keeping track on a spreadsheet.

Long term investments should be concentrated on vehicles that pay dividends.

Create an account on Barchart or Futuresource and study historical charts.

You'll find your groove.

Sounds like you've done this before EXCELLENT ANSWER!!!