Day Trading

How successful is DAY TRADING??

Many stock analyst and investors have different views regarding this and more over this is the only issue which remains unsolved for a long day trading successful??
or one must only prefer long term investment

suppose a person has 1 lakh with him how will u suggest him to go about with his money.

Daytrading+longterm or Day trading + short term or only longterm and short term.................

All discussions are a big welcome

Traderji pls comment on this.....
Do you have the tolerance for the risk involved with day trading? Day trading is not a get rich quick business. It is not technically even investing. This competitive game of day trading is speculation at its core and the odds are against you in favor of failure. But for those who crave this type of environment it can be a very exciting and profitable venture. A study in 1999 found that 70% of day traders lost money.

Tips for beginners of day trading

Study the profession in depth before getting started.

Practice using a simulated trading system before using real money.

Don’t trade with money that you can not afford to lose.

Decide each day how much you are willing to risk and stick to it.

Keep detailed records of your trading results to analyze your track records.

Day trading is not something to jump into without considerable thought. Take the time to learn the business, practice without using real money in a stimulated scenario, study as much as you can about it before you begin and most importantly do not risk money you can not afford to lose. Have fun!

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