Day Trading Stock Market

[Cloutsy]

I would like to get involved with Day Trading with stocks. I would like to know what you guys recommend based off of user interface and easy to use, what trading platform/site would you recommend?

Thanks, please list below!

 

[Deleted member 855230]

Good question for a SEO forum

 

[ExperimentalSEO]

E-trade is pretty good, I've used them in the past.

 

[kindablack]

Day trading is not investing, it's betting.

 

[BassTrackerBoats]

Good question for a SEO forum

It's the lounge - dial it back.

And don't accuse me of making that comment based on whatever someone spends as you and I both know that would be a chickenfeathers and jackwagon response.

 

[Sherb]

Use Robinhood to start. Very simple to use. Checks all the boxes you mention above. Don’t get burned on margin trading. Don’t try to trade options. Just move stocks around.

I lost my ass in Q4 2018 like most everyone else, waited until March when I got back into the green, then withdrew it all and put it into some spread out Fidelity and Vanguard funds.

 

[Philip Kim]

First get a demo account and day trade for minimum 6 months with zero investment involved.. once you get the hang of it you can go live with real cash..

 

[Alae63]

First get a demo account and day trade for minimum 6 months with zero investment involved.. once you get the hang of it you can go live with real cash..

Yep, this is the perfect method to get started, and if you are asked about a website that gives you a demo amount ..etc I'm using iqoption and i found it pretty nice and simple to use

 

[MrE]

get involved with Day Trading with stocks.... based off of user interface and easy to use

Spoiler

You're going up against teams of PhD & Nobel Prize winning math wizards, super computer algos linked to petabyte sized data sets using microwave and fiber sitting virtually on the exchange floor for lowest execution times, HFT firms buying retail order flows to frontrun moves and fill prices, crooked insider trading on private information, firms utilising crowd sourced real time data from user cell phone apps, cell towers and other crazy shit we can't even imagine.

"Of its 200 employees, ensconced in a fortress-like building in unfashionable Long Island, New York, a third have PhDs, not in finance, but in fields like physics, mathematics and statistics. Renaissance has been called “the best physics and mathematics department in the world”

Without having plenty of experience, discipline, and a strong background this is the equivalent of a noob registering on BHW today and asking how to make $500/day without any skills; complete disrespect for the process and effort required.

 

[Deleted member 855230]

It's the lounge - dial it back.

And don't accuse me of making that comment based on whatever someone spends as you and I both know that would be a chickenfeathers and jackwagon response.

I must commend your fair and unbiased moderation.

Also, this is the lounge, so...

 

[Deleted member 1161191]

Spoiler

You're going up against teams of PhD & Nobel Prize Winning Math Wizards, super computer algos linked to petabyte bite sized data sets, crooked insider trading on private information, firms utilising crowd sourced real time data from user cell phone apps, cell towers and other crazy shit we can't even imagine.

Without having plenty of experience, discipline, and a strong background this is the equivalent of a noob registering on BHW today and asking how to make $500/day without any skills; complete disrespect for the process and effort required.

Seems like you're back to BHW full time.
Edit :- @MrE

 

[BassTrackerBoats]

Also, this is the lounge, so...

Your constant under the radar commentary slapping a member is not acceptable whether it is the lounge or a random bar in podunk nowhere.

So "this is the lounge, so..." doesn't fly.

Once again, dial it back.

 

[tomatuga]

I'll have to second robinhood for a beginner. I wouldn't suggest the practice in general but it's your money. Good luck.

 

[Billy Batts]

Spoiler

You're going up against teams of PhD & Nobel Prize winning math wizards, super computer algos linked to petabyte sized data sets using microwave and fiber sitting virtually on the exchange floor for lowest execution times, HFT firms buying retail order flows to frontrun moves and fill prices, crooked insider trading on private information, firms utilising crowd sourced real time data from user cell phone apps, cell towers and other crazy shit we can't even imagine.

Without having plenty of experience, discipline, and a strong background this is the equivalent of a noob registering on BHW today and asking how to make $500/day without any skills; complete disrespect for the process and effort required.

Lol don't tell him that, let him find out

 

[IG Pro]

I would like to get involved with Day Trading with stocks. I would like to know what you guys recommend based off of user interface and easy to use, what trading platform/site would you recommend?

Thanks, please list below!

There are two good stock brokers, one of them is Thinkorswim, and the other one SureTrader (i personally do not like that much Robinhood).

Thinkorswim has great scanners, low fees but has PDT.

SureTrater has Okay scanners for experienced trader, higher fees but no PDT.

All in all, if you are starting and have captial over $25,000 (or $30,000 idk which one is now the PDT rule) then i suggest you to go with Thinkorswim.

Open an paper account, contact their support to get a live paper trading account and start learning how the market works. After you are able trading daily and stay in green (profit) move into a real money account.

Check out: risk - reward ratio, When to jump into a trade, when to close trade, cut your losess, stop loss, Stock Indicators, Stock signal... And mainly Psychology, your mind will be playing games with you, so you should prepare for it.


There are 2 great YouTubers what will teach you a lot about daytrading.

One of them is WarriorTrading and the other one is Ricky Gutierez (both have courses online, both courses can be find fully for free on downloading sites)

WarriorTrading, is trading more Stocks than Ricky.

Ross (WariorTrading), has amazing daily recap of his trades on YouTube, shows you why did he take the trade, why did he decide to stop - not buy etc...

Ricky on the other hand is trading most of the time (UGAZ & DGAZ - after you understand these two tickers (and similar) you can make some decent money), he is speaking very fast so for people who are not used to english language will take some time to understand everything.

Ricky has amazing community on Discort chat, it's like here on BHW you don't understand something, just ask and you'll get the answer almost immediately.

Definitely recommend you to check out these two guys.

Some of the great teaching websites: Investopedia.com ; Finviz.com (great online scanner - however it is more to use for people who are swing trading - investing long term.) ; Bloomberg.com & BloombergLive (news) ; Benzinga.com (news + you can learn something)

Main thing before you start investing - trading these money into a stock market. These money shouldn't be money what you need for paying rent, your lifestyle etc... It should be money what are just sitting in your bank account, and your life wont change if you loose them (most likely you are going to burn them in first month but the longer time you take learning the less money you are going giveaway).

 

[Makemeproguys]

For US amertrade is good.. it offers free virtual money too.. I have day traded and it's definitely not easy.. 50% luck 30% timing and 20% education..