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A day trader implies that an investor trades in the market on a daily basis. The investor can be an individual or a broker. Daily trades are within the same stock, meaning that these stocks are bought and sold on the same day.
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What do I need logistically in order to become a day trader?
Day traders attempt to make a living by buying and selling stock. The name day trader arose since stock positions are usually closed out by the end of the day. The first thing an aspiring day trader needs is money to buy and sell stocks. Other logistical requirements include having an account with a stock broker, a fast internet connection, an understanding of stock trading and technical analysis, and access to real time stock quotes.
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.
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.
How long do you hold a stock?
Depends on the type of investor you are. Day, short-long term trader.
Where can one learn about day stock trading online?
There are several websites that one can learn about day stock trading. These websites include Master Trader, Rightline, Pristine, Investopedia, and Wikipedia.
What is the last day you can sell your stock and still report the gain or loss in the current year?
When determining what year you sold your stock, the trade date is what matters. This is the day the transaction took place on the stock exchange. If you contact your broker on the last trading day of the year, you can complete a sale in the current year if your broker executes the trade that day. On major exchanges, the last trading day is December 31 unless that day falls on a weekend.
How do you day trade?
In order to day trade you simply start trading stock in high volume. You can learn how to be a day trader on the following site: http://www.tradestocksamerica.com/day-trader.php.
What is a person called who buys shares and sells them immediately?
The closest thing I can think of is a day trader--someone who gets out of all her positions before the end of the trading day. This is an EXTREMELY risky practice and most people who try it lose their asses, but it's possible to make money doing it if you have a very keen sense of the market.
What would the be total cost of stock if you bought 795.18 worth of stock and paid your broker 10 percent?
This sounds like a trick question. The total cost of stock would be $795.18 no matter how much you paid the broker since those monies are not being used towards stock. The question is really just specific to how much stock you own at the end of the day which would be $795.18.
What is the purpose of online stock trading?
Actually the purpose of online stock trading is "making money". Of course there different kind of strategies, like for example short term trader or long-term investors - but by the end of the day all people have one common goal: making money.
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 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.
