Reply to thread

Message: [QUOTE="intlzncster, post: 2857352, member: 56"] Actual day trading is a mugs game. If you want to actively 'trade', having a medium term time frame is probably your best bet. The daily vagaries of the market--especially with today's bots moving so fast in different directions and responding to seemingly random stimuli--will eat you alive. This is a valuable piece of advice and very true. Whatever you do, you have to have some sort of defined system, and and stick to it. You're system will define your approach and should determine when to cut your losses, not your emotions/gut. I'll second IB. It's who I use. Most big brokers are the same, just different platforms and commissions. IB's are very low, and their interface and number of markets are good. In other words, don't fall in love with your position and throw good money after bad. Maxim one of trading: don't lose money. [/QUOTE]