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As far as I know the only requirement is to have no less than $25,000 in your account. Call up your broker to be certain of all the requirements. I've heard of accounts being frozen for a short period of time because of accidental day trading. Most of the time, the larger brokers have great/friendly customer service.
Good luck with it!
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∙ 14y ago
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How much does a day trader make?
I am a Day Trader. I make about $6000-$8000 a month trading with an average of 28k equity each month.
What time of day is best to sell a stock?
The best time of day to sell a stock is at the beginning if you are an experienced trader. You would want to wait till later in the day if you are an inexperienced trader.
What is a day trader?
Day Traders"Day trader" has taken on a negative connotation. Many people think of the amateur individual investors who started investing their own money via online trading sites such as eTrade during the Internet tech boom. Some of them made lots of money at first. Most of them lost a lot in the crash. More technically, on Wall Street, "day trader" can refer to any very active trader who makes rapid, aggressive trades.An Individual who sits at home with a capital of 50,000 and eats junk food. The wife usually nags and neglects children
How long do you hold a stock?
Depends on the type of investor you are. Day, short-long term trader.
What is the liability of sole trader?
a sole trader has a limited liability. :)
The prerequisites to become a good poet?
Being creative and having a good grammar is some of the prerequisites of becoming a good poet.
Whihc websites offer information on becoming a pattern day trader?
Your local library may have a financial section with books that give tips to becoming a successful day trader. You can also find many tips and tricks from experienced traders online. One excellent site to check out is Trade King.
What is the difference between a day trader and a prop trader?
A day trader is a trader who buys and sells financial instruments (eg stocks, options, futures, derivatives, currencies) within the same trading day such that all positions will usually be closed before the market close of the trading day. - An institutional day trader is a trader who works for a financial institution. - A retail day trader is a trader who works for himself, or in partnership with a few other traders. A retail trader generally trades with his own capital, though he may also trade with other people's money. A proprietary trader ("prop trader") is a trader who trades securities on the account of the institution he/she works for, not for client-based business.
What is the difference between a prop trader and a day trader?
A prop trader is someone that is trading someone else's money, "the firm," and typically making commissions on the profitable trades they make. A day trader is someone who buys securities and sells them in the same day. Intra-day trading is a term also used. A prop trader can be a day-trader if that is the firm or the individuals trading style.
Does trader joe's opens on Labor Day?
Yes, Trader Joe in Sunnyvale is open on labor day.
What does Ameritrade Financial do?
Ameritrade is a company for becoming a day trader in the stock market. This is one of the companies a person can use in order to trade for stocks all around the world.
How do you become a day trader?
Becoming a day trader is not hard, the hard part is figuring out how to actually trade. When I first started out I spent over $10k in bogus trading programs. All you have to do is pick your broker, fund your account, and start learning from your mistakes. Oh one more thing, stay away from proprietary firms.
What college degree is best for becoming a stock trader?
I would recommend a masters degree.
How much does a day trader make?
I am a Day Trader. I make about $6000-$8000 a month trading with an average of 28k equity each month.
Can I learn how to become a day trader?
You do not need any special degrees to become a day trader. You do, however, need to do a lot of trend research.
How do you make money day trader?
A day trader tries to make a profit by taking advantage of minute-by-minute changes in stock prices.
Is day trader bootcamp a scam?
yes it is
