how to become a day trader
becoming a successful day trader requires a great deal of personal discipline novice day traders should expect to lose money as they learn the ins and outs of the market and be psychologically prepared for further losses over the course of their careers day trading also involves a great deal of research not only into the fees and commissions on their trades but also the relevant taxes and regulations for example day traders should be cognizant of the wash sale rule which prohibits repeated transactions of the same security within a 30 day period they should also fully understand the risks especially of trading on margin can you get rich day trading while some day traders can make money studies suggest that the majority either lose money or underperform the market studies by professional economists suggest that most day trading strategies are no more effective than random chance 3