@Kemba'sYogurt, I agree with most in this thread that I would strongly urge you not to day trade. It will detract from your other job and might effect relationships in ways you wouldn't have thought of beforehand. Having active positions in the market can become all consuming. If you're bound and determined to give it a try I would make a few recommendations. If you want to try trading I would look to expand your time horizon. The trades you enter should have a longer time horizon than a day. Also, do you intend to trade fundamentally or technically? That needs to be figured out because seat of the pants trading is doomed to failure. Will you have fixed price points for entering and exiting trades? Those are a few of the many questions before you begin. Possibly, you should paper trade before you start actual trading(you have honest with yourself on the results). When you do start trading you need to keep your commission fees as low as possible. You need to research that area completely, too. (Take a look at Interactive Brokers for one) Finally, as a futures trader with 25+ years of experience I can't tell you that there is a surefire way make money but I can guarantee how you would lose money. The phrase is called adding to a loser. If you bought at $10 to sell it at $13 and it goes to $8 DON'T buy more. This strategy make work on occasion but I've seen many a good trader go belly up because they got stubborn with adding to a position. Many of your best trades will be trades that cover a losing position.
