Any Day trading suggestions or experience?

[jpismahatma]

what tools to use ? trading account? strategies suggestions?

how you pick stock ? do manually or  programmatically?

[pandemkodi]

Don’t try day trading if you aren new or even experienced 

 

buy and hold 

[jpismahatma]

3 minutes ago, pandemkodi said:

Don’t try day trading if you aren new or even experienced 

 

buy and hold 

if you dont mind can you share experience?

[BAADSHAH]

5 hours ago, jpismahatma said:

what tools to use ? trading account? strategies suggestions?

how you pick stock ? do manually or  programmatically?

You need to have consistent profitable strategy for day trading 

Tools :- 

1) Good stocks scanners :- Trade-Ideas is popular scanner among day traders ( Around 100 per month )

2) charting software :- Think or swim is good and free but there much better paid charting tools 

3) Hight speed broker who offers direct routing :- Interactive brokers , Light speed ...Etc 

$25000 is required to avoid PDT rule 

4) Proven Strategy :- Depends on person to person ....some likes to trade penny stocks and other like to trade mid range stocks ...Etc you need to choose the strategy that fits to your mindset 

5) you need to know about  level 2 and  tape reading ...

6) Risk management:- you need to know how to manage risks ...if trade doesn’t work in your way 

 70 % of stock market is algorithms Trading .... only 30 % are retail traders ...  so if you play chess with computer ... It’s hard to win ...so you should not go against Algos ...

 

[whatsapp]

3 minutes ago, BAADSHAH said:

You need to have consistent profitable strategy for day trading 

Tools :- 

1) Good stocks scanners :- Trade-Ideas is popular scanner among day traders ( Around 100 per month )

2) charting software :- Think or swim is good and free but there much better paid charting tools 

3) Hight speed broker who offers direct routing :- Interactive brokers , Light speed ...Etc 

$25000 is required to avoid PDT rule 

4) Proven Strategy :- Depends on person to person ....some likes to trade penny stocks and other like to trade mid range stocks ...Etc you need to choose the strategy that fits to your mindset 

5) you need to know about  level 2 and  tape reading ...

6) Risk management:- you need to know how to manage risks ...if trade doesn’t work in your way 

 70 % of stock market is algorithms Trading .... only 30 % are retail traders ...  so if you play chess with computer ... It’s hard to win ...so you should not go against Algos ...

 

I won many times against computer  !! Seriously !! 

ok btw you got so much knowledge whats yoru day trading status?

[aakathaai143]

6 hours ago, jpismahatma said:

what tools to use ? trading account? strategies suggestions?

how you pick stock ? do manually or  programmatically?

Learn how to draw support and resistance levels of a stock in charts and follow that and put stop loss for every trade

[jpismahatma]

14 minutes ago, aakathaai143 said:

Learn how to draw support and resistance levels of a stock in charts and follow that and put stop loss for every trade

Which brokerage account you use?  Do you recommend any links?

[jpismahatma]

19 minutes ago, whatsapp said:

I won many times against computer  !! Seriously !! 

ok btw you got so much knowledge whats yoru day trading status?

Are you day trading actively? How is it going? Last 3 years it was bull