"newbies fall into lions cage with day trading".
there's no doubt in my mind "if you know what you're doing and have experience with day trading. you can certainly make a few bucks".
on the other side of the coin, you have many newbies entering the market. most have a pocket full of money.
a red alert is when you read about people making fist loads of money, of course you want to be a part of that action.
on any given day, we all know a share price can fluctuate in the blink of an eyelid.
lets say you buy a share at 1.2cents, it could be 1 cent within a minute.
being a newbie, you panic and sell straight away. thus creating a loss.
it doesn't take long before the "newbie" is out of cash.
if you're going to be a part of day trading, it's a must that you keep testing your skills continually.
by that I mean "do paper trading", the more you can do the better you'll understand how the system works.
especially for a newbie, before you start trading.
workout how much money you can afford to lose ie: you've got $10K in your pocket.
the maximum I can afford to drop is $4K. meaning you walk away with a few bucks.
many people brag about how well they do with day trading. sometimes that can be just a little chest beating ie: king of the jungle.
I can tell you with hand on heart. even with many years day trading stocks, I still make the odd bad call (make that regular bad call).
just a quick recall on the above "by that I mean "do paper trading", the more you can do the better you'll understand how the system works.
as usual do your own analysis.
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