Become a Day Trader and Make Money

Some of the largest fortunes in stock brokerage (and some of the fastest accumulated) have been made doing day trading, and it's an excellent way to make money.


First, when you think of day trading, you probably have images of people on the trading floor shouting and trying to get their trades executed.
You no longer have to get the attention of your broker to execute a trade, which means that volatility plays can be made easier for a dedicated home based day trader.
This means that so long as the market behaves within certain parameters, the software can be told what to do and it will work within the strategy you provide; this is much like having an automated broker who knows roughly what you want and will do exactly what you tell it.
If the day could be completely automated, the banks and investment houses would do it, and fire all their day traders with their commissions.
When they move outside of those boundaries, fortunes are lost, and occasionally made.
Sometime, like in poker, the winning move is to fold immediately and wait it out.


There are other techniques that day trading career professionals learn how to do - using leverage to expand the reach of their trades.
This can magnify profits considerably.
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Short selling is another technique, where you borrow a share of a stock, sell it, use the proceeds to buy other stocks, then buy the original share of stock back at a lower price (if you expect it to go down) to keep the difference as your profit margin.


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