Monday, December 7, 2009

Does It Pay For You to Be a Day Trader?

Day trading is really for professionals and not for amateurs or those who want to imagine they are professionals when they are really not.

You must realize what the ground rules are for day trading. They are not as simple as those you get in the available classes for beginners.

To start with, you do not have sufficient volume with which to work odds tilted in your favor. Then, there are only small profits when gains do occur.

These days you are looking for gains of pennies at a time. And even if you have the complex models for trading programs and securities packages, there is no guarantee they will work. None ever work perfectly for long.

Remember, you are always competing with the professionals who have more powerful money with which to trade, and in faster computers and models.

So why try to beat those odds?

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