3 answers

How can I start day trading?

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I am going to graduate college in 2 semesters. I want to want to earn a second stream of income while working a full-time job after I'm graduating. Is it doable to do both? I want to start building up my assets as soon as I can. I have a bit of free time in the morning right now so I would love to start learning now.

If you can provide any resources to me, I would I appreciate that. Thanks!

#finance #investment-management #money #business #financial-services

3 answers

Stephen’s Answer

Updated
Day trading is not investing. It is speculation. It looks deceptively simple, but in practice it is a fools errand. To learn to invest for real, I suggest reading about Warren Buffett as much as you can. By the way, it is possible to hold a full time job and learn how to invest during spare time. That's how I did it. I started my career working as an engineer full time. Then I met someone who show me a few things. Then I went off and read a lot, first about Buffett, then onto other things. Then I decided to change career and studied to earn a CFA charter.

Steve’s Answer

Updated
Tough way to make money. Markets exist to allocate 80% of trading profits to 20% of traders. Keep scrupulous notes of every trade so you can evaluate what works for you. Find and follow good advice — it’s out there in the blogosphere.

Laron’s Answer

Updated
There are a few ways to get started with investing. There are several apps I recently just started using Acorns. There are others like Stockpile, Stash, and Robinhood. If you look up Dave Ramsey, he talks a lot about saving and investing, and another good source is Jeff Rose on Youtube.