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All save money Couple's Watches The money must be in the brokerage account because that is where the trading and risk is occurring. These funds are required to support the risks associated with day-trading activities. It is important to note that the Securities Investor Protection Corporation (SIPC) may protect up to $500,000 for each customer’s securities account, with a limitation of $250,000 in claims for cash.
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- Bruce Benton (Dallas) They DON’T like holding their trades overnight.
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Trading involves not only the mechanical aspect but also the internal work on yourself. I can honestly say that most people I talk to, the mental game and finding who they are as a trader is not high on their list of topics. That is a huge mistake.
Harmonica the key word is freedom. some just don’t know what to do with it. FUTURES It’s been fun to read the updated comments all week-end. James: i think you achieved your objective with your original post, if you were trying to bring out people’s emotional response to your put-down of their passionate pursuit! By evoking outlandish, stereotypical caricatures, you enabled traders to bring their own strong opinions to the table. Bravo!
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James, I agree 100% with what you are saying. Looking at the previous 48 responses, there are not many that agree with you or I. However, this is a biased dataset – those that tried daytrading and lost have moved on, and are not reading/commenting on articles like this anymore. Those commenting are most likely 1)daytrading companies, 2)those who are losing money but have not yet given up, 3)a few that may actually be making money, but at an unacceptable level of risk.
Picture that the market is making a huge push to the upside and not wanting to miss the move, you jump on board. The price keeps pushing north and at the first sign of weakness, you market out of the trade and bank the biggest one trade point total you’ve ever had.
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