/biz/ - Business & Finance

>I want to be a day trader

I recommend putting it all on green.

>>266059
just trade 1 hour charts like urbanforex

>>266059
Tranquilized mattress? wtf? i dont even...

>>266059
>But more importantly, How hard would I just be fucked by having so much distance between me and JewYC?
I live on the West Coast (Canada though). Our market is on the same timezone as the NYSE. You'll be waking up at 5:30 or so, and finishing up around 1 or 2 I think (don't remember NYSE hours).

It can be done, my dad works for a guy who loves to brag about the killing he's making on the stock market as a trader.

>>266059
I prefer deadfish, when I manage to get the to react and moan it's a huge ego booster. That, and I prefer porn, humping hard is just too tiring.

>>266059

Why not move to Boston? Im looking to move there from California. I can understand why New York would be a mess to live at though.

>>266185

Didn't you read Hitchhiker's Guide to the galaxy?

Living in Seattle is overrated. Where are you on the East Coast?

Chances are you can do just fine there. Also, the difference in girls is your perception. Stop self-hating.

>>267298
Yea like 20 years ago lol, I wouldn't have remembered some obscure reference in there. I preferred "the restaurant at the end of the universe" better.

>>267339
Oh yeah no don't move to Seattle, it sucks major nuts. I thought you were moving to like, California or Oregon or some shit for the nature or weed.

Just enjoy not having to spend every waking moment worrying about earhtquakes, OP.

Living in Silicon Valley after moving from NY. No earthquakes so far. The women are cuter but people are overall more shallow and faggy than back home. Go to San Diego or LA, not Oregon or Washington unless you want even more fucking snow.

>>267339
The east coast is total shit. There is a huge difference in girls

>tfw just moved from the midatlantic to cali and fucking loving it

>day trading away from the location of the exchanges
>dem precious milliseconds

>>266185
but its so fucking true.

Do day traders even exist anymore? I thought that those high-frequency trading programs wiped most of those guys out.

>>269827
why would you think that...? I mean it's clear you don't know what HFT does but you havr to be pretty retarded to think algorithms are sentient...

Trading is a skill that needs to be practiced. Don't expect to jump right in and make loads of cash. Read a bunch of different books and paper-trade to find a system that works for you.

ALWAYS SET SPECIFIC GOALS THAT ARE REALISTIC.
I want to make money isn't a good enough goal, how much do you want to make per day? $250/day is a good start, when you hit that mark on a day, stop trading real money and just paper trade for the rest of the day. Move your goals up when you can easily hit your mark.

Yes this sounds dumb, why would you stop on a hot streak? Because streaks always end, and people with no discipline keep going until they're in the negative.

Discipline is your number one tool and it must always be exercised.

Distance isnt going to matter you arent a HFT. If you can stand waking up early enough to trade then the west coast is fine. Be aware you will probably need to be up an hour or so before the market to start looking for any news before the bell.

I know a few guys in asia that trade the US market.

>>269827

Why would HFT wipe out daytraders? They arent related.

>>266466
pretty much this
Also very satisfying to know you have a full day ahead of you when you're done working. And if you make enough money, you can live off trading alone, which means you can fill up the after hours with drugs, hookers, video games and whatever else you want to do.

>>269851
good ideas, but why set a specific dollar amount instead of a % of a portfolio? 250$ is nothing for someone with 100k but alot for 5000$

how can one day trade with less than 25k? I've been doing pretty well paper trading over the last few months but everywhere I look requires at least 25k in order to day trade. are there ways around this?

>>267751
Im fleeing this hell hole and heading to oregon

things are way too cramped here. everyone is all up in eachothers business and I refuse to pay taxes to a community in which it is explicitly illegal to have a campfire in your own backyard

fuck this coast

How different is paper trading to trading on the ASX?

>>267272
I live in Mass. We have alot of bullshit here too, but I agree with you on New York. worst fucking city on earth. Hated going every time I've been. If thinking about Boston, be prepared for lots of fags and hipsters. And also lots of asshole Sports fans who will pick a fight with you for not giving a shit about their teams.

>>270401
>wanting to move to the most rapidly militarizing police city-state on the east coast

are you a woman?

day trading doesn't work. trust me. Though do look out for opportunities to buy stocks, but only for buying long term.

>>270361
There isn't. 25k is the SEC minimum capital amount to day trade. Of course, this is assuming you're a Murriclap

>>270425
Are you fucking retarded bud? I said I live in Mass, I was responding to the guy who said he wants to move here. And fuck off with your retarded police state bullshit. I live here, it's fine.

>>266059
>I want to be a day trader

You could lose your money productively by giving it to charity.

>>270361
Try forex maybe?

>>270471
>>270471
r u a fagt

You need 25K in your account to day trade with as little risk as possible and still make enough money

Without 25k you cannot perform more than three interday trades per five trading days. Your account will be frozen. Meaning you have to do the impossible. Find that sub penny stock that isn't a dilution scam, get in at the bottom, HOLD, and white knuckle ride it to 1000% gains.

>>270537
>Find 100 penny stocks
>Buy $1000 of each
>Let it sit
Would this work, or would you just end up losing all of the investments? (Assuming the initial money was gambling money that you were prepared to lose)

>>270556
>>Let it sit

I would suggest you learn how to trade penny stocks. Are you going to research 100 penny stocks? That is crazy man.

I have a 9 to 5 job that pays me middle class wages, but the market opens at 7:30 AM for me so I can spend the first hour trading if something looks good, for 10% to 25% gains. I shoot for an extra $1000 per month after taxes. I basically use the money I make as my spending money and use my paycheck for bills, saving the rest for a mortgage.

Learn technicals, get Level 2 so you can see wtf is going on, and find websites that offer classes on daytrading. Go to iHub and learn how all these stocks are scams and how not to be scammed. Find usernames with grey beards next to them, and follow those guys because they have ten years experience with penny trading and know the game.

good luck

>>270587
Oh no, I was just asking how it works with the penny stocks, since you said to ride it to 1000% gains (which presumably almost never happens, but if you hit up a lot of stocks, one being lucky would be enough to cover the rest and then some).

I only do forex, not stocks. Stocks are for after I make a good amount of money, can actually live off of forex and want to get some more passive income/diversify some. I'll get into that then.