Category: 01. Basic

How Much do Day Traders Make

This is a pretty broad question because a lot of different variables come into play — how much capital you trade with, your skill level, market conditions, etc. Highly skilled traders can make 7 figures a year while new traders that are profitable can be anywhere from $200-$500 a day....
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Day Trading with Cash vs. Margin

Day trading with a cash account means just that. You are only using the cash you have in your account. With a margin account you have the option to use leverage or margin to increase your buying power by borrowing funds from your broker. Below are the main differences...
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How Much Money Do You Need for Day Trading?

The amount of capital you need depends on if you want to make day trading your full-time income or just a side hustle to make a couple extra dollars here and there. As you probably know, I started a small account with just $500 and turned it into over a million...
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How to Start Day Trading

Once you’ve learned a strategy and are trading it profitably in a simulator, you can now start to look at trading in a live account. Here are the steps you will need to take: Open a brokerage account and transfer money in Have a written trading plan you can...
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What You Need Before You Start Day Trading

Before you start day trading with real money there are three things you need to do and have: Strong knowledge of day trading terminology and technical analysis A strategy that’s been back tested and proven profitable Proof of profitability in a day trading simulator #1 – Strong knowledge of Day Trading...
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How Does Day Trading Work?

Day trading works by capitalizing on short-term price movements in a stock through the active buying and selling of shares.  Day traders seek volatility in the market.  Without short term price movement (volatility) there is no opportunity. The more a stock moves, the more profit a trader can make or...
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What is Day Trading?

Day Trading is a speculative trading style that involves the opening and closing of a position within the same day. Quick example: If you open a new position at 10AM and close it by 2PM on the same day, you have completed a day trade. If you were to close...
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