jurrassic

Is Trading for a Living Wise?

I've been daytrading for 30 years and at 57 I would also say that it sure beats a 9-5 dead end job. But start out with very a small acccount especially if you are trading the dow and S&P eminis. Big learning curve in futures trading. For day trading stocks you have to have a plan like all the books say. Good advice also to keep a journal. I like trading the S&P emini most of all because I got sick of buying a stock and having some idiot analyst downgrading it the next day.

I use Tradestation and its platform for trading is one of the best I've seen. The charts are as good as it gets. In the past four years I've now been developing Black Box trading systems....that is automatic trading and Tradestaion handles that as well. This sounds like a commercial but I've used Etrade Ameritrade and some others and Tradestion is by far the best. So if you are just starting out give it a try you won't be sorry. Having several screens helps as well. I don't reccommend trading pre market at all. For stocks I think beak-outs is the way to go using boxes flags and pennants etc. Good Luck and check out BlackBoxDow.com to track some automatic trading systems.