Just wondering if someone has experience in this.... Can you make a good living by daily stock trading from home...if u invest around 50k capital to start with....
I was thinking of doing daily stock trading for living after getting a layoff from Conoco
I'm doing it, but not after months of training and over a decade of experience. But I am not scalping either, unless I feel like gambling one day on an instrument on fire. Get yourself some ebooks and research first. Start out paper trading or with simulated trading if you can. Then start out with stocks, then options, then currency (Forex) trading if you make it that far, then decide which you are best at and most comfortable with. Good luck, training is very important!
Short COP and you will make a bundle
It's true. You can't beat the computer traders. The only way to win is to hold long or have the info before everyone else.
I'd suggest playing red or black. The odds are waaaaaaaaay better.
The fees and transactions costs kill you. Even if you make good calls, every time you trade you are spending money. Read Flash Boys by Michael Lewis to see how Wall Street is cheating you every time you trade.
Been there, done that. It was an expensive three year long lesson. It's possible, but the odds are so immensely stacked against you
I would try Vegas first. Better odds, free booze, and hookers for any price range.
Oh absolutely, and zero skills are required too. You just get on, load it up full of money, look at a bunch of fast paced fancy charts and click buttons.
You deserve to get laid off.
Day trading is a great way for professionals to take money from amateurs.
95% of traders lose money, 4% will make money in the short term, and 1% of traders can make a career of it.
Trading institutions invest 100's of millions of dollars in technology to give them the edge. Just as "Financial advisor" states: only invest what you're willing to lose because the institutions have the upper edge and the probabilities are against you.
But all being said, its the psychology that makes or breaks you as a trader... cut your losses and let the winners run. It's tough to do and against human nature.
Are you a 1 percenter?
Better to spend it on hookers and blow. More fun, and when you tell the story of how you lost 50k, it is massively less embarrassing.
Only if you are very good and experienced in day trading, it is fast paced and you can lose everything in a nanosecond. As others said, don't risk your retirement funds or any money that you need for living expenseses
Draft kings.....
Only invest an amount that you are willing to loose. Do not risk your retirement funds as you may very will loose your money.
no