3 answers
Joe
Student
Mars Hill, North Carolina
1
Question
3 answers
Davide Musillo
Project Manager
1
Answer
Milan, Lombardy, Italy
Updated
Davide’s Answer
Day trading seems very exciting and looking at several online resources, particularly on social media, it seems easy todo and easy to earn money.
However daily trading is basically no different from gambling, there is nobody on earth that could predict if a stock will go up or down.
In the short/term markets are extremely volatile and irrational, while in the long run the quality of a company will (normally) make its stock price to grow.
My suggestion is to leverage the plenty of good resources you can find online (and on paper) about value investing and personal finance more in general.
If looking for some suggestion feel free to ask.
However daily trading is basically no different from gambling, there is nobody on earth that could predict if a stock will go up or down.
In the short/term markets are extremely volatile and irrational, while in the long run the quality of a company will (normally) make its stock price to grow.
My suggestion is to leverage the plenty of good resources you can find online (and on paper) about value investing and personal finance more in general.
If looking for some suggestion feel free to ask.
Hock Eng Tan
Finance
1
Answer
Singapore
Updated
Hock Eng’s Answer
Hi Joe, day trading is fun and exciting and can feel like taking roller coaster ride everyday
Before venturing into tools for day trading, I would suggest getting a good knowledge built up on technical and fundamental analysis
And on top of all this, mental discipline especially on money discipline is the utmost importance such as when to cut loss or exit during any trading setup
And always invest within your means. Sleep well in any trading day. Hope this helps
Before venturing into tools for day trading, I would suggest getting a good knowledge built up on technical and fundamental analysis
And on top of all this, mental discipline especially on money discipline is the utmost importance such as when to cut loss or exit during any trading setup
And always invest within your means. Sleep well in any trading day. Hope this helps
Nathnail Hawaz
Account Executive (Sales)
3
Answers
Washington, Washington
Updated
Nathnail’s Answer
Hey Joe,
Day trading can be exciting but it also takes time, discipline, and practice to do safely and effectively. Here are some reliable resources to help you get started:
Investopedia – “Day Trading: The Basics and How to Get Started”
A great introduction to what day trading is, how it works, and what to watch out for.
investopedia.com
FINRA and Investor.gov
These official sites explain the regulations and risks involved in day trading so you understand the rules early on.
finra.org
Warrior Trading
Offers beginner-friendly guides, tutorials, and community discussions on different trading strategies.
warriortrading.com
YouTube Tutorials
Channels that focus on beginner strategies and trading psychology can give you a good sense of how real trading works but be careful of 'get rich quick' Youtubers that promise making tons of money if you sign up to their subscription. DO NOT DO IT.
A Few Key Tips
Start with paper trading to practice without risking real money.
Focus on risk management and don’t invest money you can’t afford to lose.
Remember that patience, research, and steady progress matter more than quick wins.
Wishing you the best of luck as you learn and grow in your trading journey!
Cheers,
NH
Day trading can be exciting but it also takes time, discipline, and practice to do safely and effectively. Here are some reliable resources to help you get started:
Investopedia – “Day Trading: The Basics and How to Get Started”
A great introduction to what day trading is, how it works, and what to watch out for.
investopedia.com
FINRA and Investor.gov
These official sites explain the regulations and risks involved in day trading so you understand the rules early on.
finra.org
Warrior Trading
Offers beginner-friendly guides, tutorials, and community discussions on different trading strategies.
warriortrading.com
YouTube Tutorials
Channels that focus on beginner strategies and trading psychology can give you a good sense of how real trading works but be careful of 'get rich quick' Youtubers that promise making tons of money if you sign up to their subscription. DO NOT DO IT.
A Few Key Tips
Start with paper trading to practice without risking real money.
Focus on risk management and don’t invest money you can’t afford to lose.
Remember that patience, research, and steady progress matter more than quick wins.
Wishing you the best of luck as you learn and grow in your trading journey!
Cheers,
NH