Comments on: Im about to take the plunge and Day trade from home full time. Does anyone have any advice to share? http://www.daytradingmentor.info/how-to-day-trade/im-about-to-take-the-plunge-and-day-trade-from-home-full-time-does-anyone-have-any-advice-to-share Day Trading Information and Guidance Sat, 06 Feb 2010 14:36:13 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: ebidoria_1 http://www.daytradingmentor.info/how-to-day-trade/im-about-to-take-the-plunge-and-day-trade-from-home-full-time-does-anyone-have-any-advice-to-share/comment-page-1#comment-637 ebidoria_1 Sun, 23 Nov 2008 10:51:59 +0000 http://www.daytradingmentor.info/how-to-day-trade/im-about-to-take-the-plunge-and-day-trade-from-home-full-time-does-anyone-have-any-advice-to-share#comment-637 Personally, I would suggest you take a good look at trading in the Spot FOREX (currency trading) as opposed to day-tading stocks. The FOREX is open 24 hrs a day, and has far more liquidity, and less slippage. Because it is a 24 hr/day market, you can easily do you trading without giving up the security and benefits of your daytime job.<br><b>References : </b><br> Personally, I would suggest you take a good look at trading in the Spot FOREX (currency trading) as opposed to day-tading stocks. The FOREX is open 24 hrs a day, and has far more liquidity, and less slippage. Because it is a 24 hr/day market, you can easily do you trading without giving up the security and benefits of your daytime job.
References :

]]> By: Rolande de Haye http://www.daytradingmentor.info/how-to-day-trade/im-about-to-take-the-plunge-and-day-trade-from-home-full-time-does-anyone-have-any-advice-to-share/comment-page-1#comment-636 Rolande de Haye Sun, 23 Nov 2008 10:36:59 +0000 http://www.daytradingmentor.info/how-to-day-trade/im-about-to-take-the-plunge-and-day-trade-from-home-full-time-does-anyone-have-any-advice-to-share#comment-636 Rather build up more experience and capital by continuing to trade part-time for the time being. You need to have a serious pile of cash before you pack in the day job.<br><b>References : </b><br> Rather build up more experience and capital by continuing to trade part-time for the time being. You need to have a serious pile of cash before you pack in the day job.
References :

]]> By: zyberianwarrior http://www.daytradingmentor.info/how-to-day-trade/im-about-to-take-the-plunge-and-day-trade-from-home-full-time-does-anyone-have-any-advice-to-share/comment-page-1#comment-635 zyberianwarrior Sun, 23 Nov 2008 10:15:59 +0000 http://www.daytradingmentor.info/how-to-day-trade/im-about-to-take-the-plunge-and-day-trade-from-home-full-time-does-anyone-have-any-advice-to-share#comment-635 your making a big mistake. Just because you have been "lucky" lately doesn't mean it will continue especially in this market. Stick with your day job you can set triggers for your stock transactions.<br><b>References : </b><br> your making a big mistake. Just because you have been "lucky" lately doesn't mean it will continue especially in this market. Stick with your day job you can set triggers for your stock transactions.
References :

]]> By: slavaret2 http://www.daytradingmentor.info/how-to-day-trade/im-about-to-take-the-plunge-and-day-trade-from-home-full-time-does-anyone-have-any-advice-to-share/comment-page-1#comment-634 slavaret2 Sun, 23 Nov 2008 09:50:59 +0000 http://www.daytradingmentor.info/how-to-day-trade/im-about-to-take-the-plunge-and-day-trade-from-home-full-time-does-anyone-have-any-advice-to-share#comment-634 I trade stocks full time but I am not a daytrader. I don't think you can plunge into daytrading - unless you want to run your account into the ground. Daytrading is a very specialized skill that takes a long time to develop. Most daytraders lose money and wash out. Also, the surest way to pile up losses is to expect your trading to pay the bills.<br><b>References : </b><br>http://finance.groups.yahoo.com/group/TradingZoom/ I trade stocks full time but I am not a daytrader. I don't think you can plunge into daytrading – unless you want to run your account into the ground. Daytrading is a very specialized skill that takes a long time to develop. Most daytraders lose money and wash out.

Also, the surest way to pile up losses is to expect your trading to pay the bills.
References :
http://finance.groups.yahoo.com/group/TradingZoom/

]]> By: aaron p http://www.daytradingmentor.info/how-to-day-trade/im-about-to-take-the-plunge-and-day-trade-from-home-full-time-does-anyone-have-any-advice-to-share/comment-page-1#comment-633 aaron p Sun, 23 Nov 2008 09:39:59 +0000 http://www.daytradingmentor.info/how-to-day-trade/im-about-to-take-the-plunge-and-day-trade-from-home-full-time-does-anyone-have-any-advice-to-share#comment-633 Personally, I wouldn't let a lucky streak get the better of you. You said "averaging about $750 a day", but with an account of $30000, that is less than 40 days of experience. If you can do $750/day and still keep a job, how is the extra income hurting you? That just means you can retire earlier or that you can be as crazy as you want to be with your account because you know you're still getting a check. But I know you'll discount that advice once you find out I'm an insurance guy. Get your health insurance, and long-term disability insurance lined up before you jump ship. I'll tell you that no company (besides maybe Lloyds) would pick you up for disability as a day-trader for several years. To clarify, I said that disability companies don't want daytraders as an occupation. Health insurance is a different animal and underwriting offers are not job specific. I just want you to be aware of your options and have a complete plan before you make the move. A little due diligence is in order. That's why you asked the question.<br><b>References : </b><br>Independent agent Former insurance brokerage manager Personally, I wouldn't let a lucky streak get the better of you. You said "averaging about $750 a day", but with an account of $30000, that is less than 40 days of experience. If you can do $750/day and still keep a job, how is the extra income hurting you? That just means you can retire earlier or that you can be as crazy as you want to be with your account because you know you're still getting a check. But I know you'll discount that advice once you find out I'm an insurance guy.

Get your health insurance, and long-term disability insurance lined up before you jump ship. I'll tell you that no company (besides maybe Lloyds) would pick you up for disability as a day-trader for several years.

To clarify, I said that disability companies don't want daytraders as an occupation. Health insurance is a different animal and underwriting offers are not job specific. I just want you to be aware of your options and have a complete plan before you make the move. A little due diligence is in order. That's why you asked the question.
References :
Independent agent
Former insurance brokerage manager

]]> By: ed m http://www.daytradingmentor.info/how-to-day-trade/im-about-to-take-the-plunge-and-day-trade-from-home-full-time-does-anyone-have-any-advice-to-share/comment-page-1#comment-632 ed m Sun, 23 Nov 2008 09:04:59 +0000 http://www.daytradingmentor.info/how-to-day-trade/im-about-to-take-the-plunge-and-day-trade-from-home-full-time-does-anyone-have-any-advice-to-share#comment-632 i woulf be looking for a nigh job with benifits == goodluckl<br><b>References : </b><br> i woulf be looking for a nigh job with benifits == goodluckl
References :

]]>