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robosoft

Day Trading

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In day trading how to pick stocks to trade with... what are the factors that one should look out for before investing in stocks for day trading...because when i look at the entire list of stocks its very big i cant check history for each and every stock..... any help will be appreciated...!!!

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Robo,

I do not trade stocks anymore, but here are the 2 main ways that stock traders go about their trading day:

 

1) Focus on a specific group every day, each day and learn them inside and out.

 

2) Use a screener to find ones that are moving that day and trade them. Something like biggest % gainers/losers, volume, etc.

This is one advantage to trading futures - you can focus on one or a very small amount of instruments vs. going into the stock universe and seeing what you can find.

 

Good luck and welcome aboard.

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Guest finvik

i am a newbie in this forum. i have lost around almost $1500 in commodities already i used to do day trading. being a beginner i would like to know whether day trading is beneficial or holding on to the stocks?

Vik

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i am a newbie in this forum. i have lost around almost $1500 in commodities already i used to do day trading. being a beginner i would like to know whether day trading is beneficial or holding on to the stocks?

Vik

 

Vik - as you've seen, day trading is not easy. It requires more time than most are willing to put forth to truly become good at it.

 

With that being said, most are better to invest in some stocks/etf's and hold them b/c trading is not easy.

 

If you can perfect your trading then I think it might rival what holding stocks could do.

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I would say one should start with EOD stocks. Then you have enough time to analyse and decide. If you daytrade, you are under extreme pressure, you need to have a detailed plan what to do in any given situation because when the situation occurs you have no time for long thinking. Being a newbie myself, I know it is hard to cover all possible scenarios in your plan, because you simply have not enough experience and you dont even know what to look for, or what psychological impact is a certain situation likely to have on you.

Daytrading can be beneficial, of course, but it takes extreme effort and dedication to master it.

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Guest forsearch
Any books about day trading ..??

 

Type in Day trading in the search bar on amazon.com.

 

Or just try this link "Day Trading" for an even more useful search.

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