13
Mar
Mar
If you’ve at least $25K available in a trading account, you can day trade stocks. You'll be given 100K worth of buying power which can lead to nice gains or some pretty unsightly losses. If you understand how to day trade go for it, the profits can be quite nice. I’m a instructor and during my summers off I’m a trader and on an average day I have the ability to make 200 - 300 dollars in an hour or 2 of trading. Don't let people tell you it is impossible, but you must also realize that in order to do such trading you must be extremely disciplined and have a full understanding of when to buy and when to sell.
Answer:
Sorry, it just doesn't work that way. Even seasoned professionals often go broke trying to do that. Amateurs always lose. If you want to just piss your money away, go to Vegas, it least its more fun.
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on Friday, March 13th, 2009 at 3:23 am and is filed under Investing.
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