Day Trading from Home
(Orangutan, 268
Points)
on 6/16/12 at 12:56am
I know very little about day trading from home. Do you have to be glued to your computer and how does it work in general? Anyone here have experience in this?





Also interested in this.
Also interested in this. People seem to be saying that Interactive Brokers is the best for low budget people, at the moment I'm using Zecco which is cheap but not useful for day trading as it takes ages for your trades to clear.
I've heard people say that its best to start with one stock/index/commodity and learn how that is affected by different news and general market sentiment. You probably would have so keep your eye on it, but you can choose different markets based on what time you have free (US - daytime/European - early morning/Asian - late nights depending on when you're busy).
Here's a good article about constructing your own (cheaper) Bloomberg alternative.
Damn you Rodger!
My WSO Blog
If you can't do the research
If you can't do the research to answer this question then you probably won't have the will to do what it takes to be a consistent trader...just sayin'.
To become a successful day
To become a successful day trader you're generally glued to your screen for the whole day since the majority of the positions you enter into will be exited by day end. If you hold on longer than you're generally not considered a day trader. In the end it doesn't matter which strategy you choose as long as you figure out a way to make money.