Successful Day Traders

Former/Current Day Traders help?

I’ve been paper day trading amounts I would be investing in real-time for several months now and am extremely successful at it. I’m worried im not getting the full picture of restrictions and limits on day trading however I already know of the pattern day trader rule and the $7 or so fee for each trade. Say I keep $25,000 in my account and actively use $75,000 or more in trades and come out with a few thousand dollars (before taxes and the $7 for each trade) everyday is there other fees associated with that? It just seems like too much easy money can be made and with hearing that 80% of day traders lose money I feel like im missing out on something. If you make your bid/ask price the same as the stock’s current price how quick is it usually to buy/sell in the most common of traded stocks like citigroup?

I’m not sure if I understand… are you currently trading with real money? How long? Paper trading is rarely a reflection of real trading results…. especially with low priced stocks.

Here’s the facts…. The QQQQ’s & IWM are up about 12% this month. this may be the best September in history. Hopefully you know what the QQQQ’s & IWM are.

90% of new day traders fail (not 80%). Very few succeed without using technical analysis. None succeed without using trading money management. It takes 3-5 years (on average) to be profitable on a continuous basis. Most successful traders are always reading new books on trading. Attending webinars, etc. Most day traders would not consider Scottrade a great place to day trade.

http://webreprints.djreprints.com/2390280139740.pdf#view=fitV,100

I’d like to see how you’re doing in 6-12 months. There are a few people that can do this with little knowledge….. but they are small in number.

Other than taxes…. there are no other fees. I do believe you’re doing this well. You may even be talented…. but most of your results are… I believe…. is the time you got into day trading. How you’ll do in a regular or down market will be the real test.

How to Be a Successful Day Trader

Proven Chart Patterns: Key Indicators for Success in Today’s Markets $14.94 Master trader Chris Manning presents proven, reliable chart patterns that pinpoint buy/sell signals for short and longer-term investors – plus precise indicators for developing each pattern. Manning’s clear, comprehensive style is easy enough, even for those new to technical analysis. With a focus on using chart patterns to profit from today’s markets – and seizing market turns before the ‘crowd’ …

Player 5150 …

Railroad Tycoon 3 $3.99 The official sequel to the highly acclaimed gameRailroad Tycoon 2  Product InformationThe long awaited sequel to the king of the “tycoon” games is here!Railroad Tycoon 3 realizes your dream of establishing and running a railroadempire. Build rail lines purchase trains and start hauling cargo to beginbuilding your railroad. Expand your business into major cities acquire anddominate indust…

Heart of Empire Rome $39.99 Heart of Empire: Rome takes you inside the greatest empire ever to rule the earth. Build the great city of Rome, and if you are successful, you’ll eventually rule your entire known world. An exciting addition to the entire genre of city-building simulation games, Heart of Empire: Rome will keep you working hard to gain and stay in power. The three-dimensional graphics are ground-breakingly real…

The First 90 Days: Critical Success Strategies for New Leaders at All Levels $15.81 GREAT CONDITION, WILL SHIP FAST!…

High Probability trading $19.88 A common denominator among most new traders is that, within six months of launching their new pursuit, they are out of money and out of trading. High-Probability Trading softens the impact of this “trader’s tuition,” detailing a comprehensive program for weathering those perilous first months and becoming a profitable trader. This no-nonsense book takes a uniquely blunt look at the realities of tr…

The First Days Of School: How To Be An Effective Teacher $4.00 With nearly 1.4 million copies sold, you’ll learn practical techniques on discipline, procedures and routines, teaching for mastery, cooperative learning, and positive expectations. You’ll find it difficult to put this book down as you become an even more effective teacher….