This is all short covering now with possible buying - just watch the volume here - it is the fuel to break over 101 again.
You need a live CBOE and LEVEL 2 screen - to daytrade BIDU.
Long 1k @99.85
Humbling advise - no emotion, discipline, don't believe news, careful study, don't fall in-love with wtock -- these are all good tips I plan to use. To replace my steady job income, I need to make $10,000/month.
I heard some people never hold over-night (profit or loss,) and cash out daily like a retail cash register to start fresh next morning. Anyone do that? Does it work.
Should I buy a good book, or are they all crap, like all other news??
Stockmarket - this is serious question. I must be crazy, but I am thinking of day trading for a living. I am done with 40hrs/wk job.
With $200K cash, and based on your experience is that sufficient to pull an average of $1000/day out of the market?? I don't like Options, I'd stick to daily buy/sell/long/short across 4 or 5 stocks.
good luck, i have traded on and off like this with that amount of cash for 5+years now, and thru one of the biggest crashes in 50 years, it is not as easy as it looks , you cannot trust the analysts or the big boys who will pump and dump at will....tricky stuff!
You cam get quickly caught, unable to sell so make sure the stock you buy is in a very good company u believe in, eg growth stock.
you can make big and you can lose too...sometimes is not so healthy!
I am a pro daytrader since 2002. I have over a 500k portfolio. I do this Mon to fri with health permitting. It is a discipline - no emotions just careful studying with all the resources at hand.
Happy to share.