View Full Version : What should I day Trade?


patient144
08-08-2005, 07:14 AM
Hi I am a finance major who has spent a lot of time studying stocks, futures, forex and options.. I want to try out some of the technical analysis I have been studying and was wondering which would be the best to trade?

videocrew
08-12-2005, 01:28 PM
If you're a finance major, you should have learned by now that day trading is a terrible idea. On average, any gains you make will be totally negated by transaction costs. Also, I don't think technical analysis is designed to be applied to the extremely short time intervals involved in day trading. Head and shoulders formations mean nothing in the span of 4 minutes. Go read "A Random Walk Down Wall Street" by Burton G. Malkiel. It will put the stuff you learn in finance class in a real world perspective that will keep you from doing silly stuff like day trading.

NickV
08-16-2005, 07:42 PM
I concurr with Videocrew. The best way to make money in stocks is to buy high quality companies and hold them forever. Buying and selling is for chumps. Daytraders are the biggest chumps.Also, Fundamental Analyses is much more accurate than the voodoo that is Technical Analysis. I believe 80% of the Street would agree with me. We use those charts to hypnotize people into buying and selling NOW! so we can book a commission.Read "Securities Analysis" by Graham and Dodd. It's been a classic for 70 years for a reason--it's Warren Buffet's bible.

Sarah-JaneM2390
08-21-2005, 01:57 AM
You should have a look at this guys videos (and so should those who answered saying day trading isn't s good idea!)http://www.daytradingfreedom.com/videosHe makes like - a thousand or two thousand dollars in an hour day trading, and it looks pretty easy to me. But then I'm not a business or finance student, so maybe I'm less blinkered in my ideas!SJ

FrankCastle5349
08-25-2005, 08:11 AM
You do know you cannot daytrade with less than $25,000.00 USD by law, right?

ken_bells
08-29-2005, 02:26 PM
Day trading of US stocks is the best because it is time efficient. You don't want to be parked in front of your PC all day and night. Try this course :http://cool101e.hnetltd.hop.clickbank.net/It will focus your attention where it can do the most good (ie make money) in the least amount of time.Whatever you end up doing I hope it helps you to reach your goals. I'm well on the way to meeting mine!