The key to getting started day trading is not hard. Start by reading as much as you can about the subject. Many would suggest that you jump right into an activity with both feet to learn how to do it, but, when it comes to day trading, that could be a very costly move. The expense of wading out into the day trading market with no plan other than to wing it is pretty big. Like, lose your life savings big.
Which is why you need to start by understanding what day trading is. It is not Warren Buffet-style, buy-and-hold investing. It is about reading the volatility of the daily stock market and finding ways to make profits off those movers and shakers. There are thousands of companies out there that can make big runs during any particular day of trading. The key is identifying those stocks early, riding that wave and cutting out just before the crest and the crash,
And the reason that you need to start with a healthy amount of research is that there is no way to intuit how to do this. You need to be well-versed in stock charts, stock-scanning software, financial news, spreadsheets and the basic fundamentals of daily movers. And you need strategies. To find these stocks that can make you consistent profits day after day is like finding a needle in a haystack. And you do not find that needle by plunging headfirst into the hay. You need sophisticated strategies in order to find those needles.
Which is why you want to learn from the experts. Day trading guides are out there but you need to know what to look for. Warrior Trading was started by a trader that had worked his way through years of learning the market on his own, making mistakes and losing money, all the while, refining processes that would allow him to find the stocks that would make him money.
So he decided to teach others how to do just that. To save them the time and effort and lost savings of going into the market blind. One of the best ways to get started day trading is to join the Warrior chat room for a day, just to get a feel for the community. Then you can get a free intro to trading course from the Warrior instructors and see how you progress. After jumping into the simulated trading room, going through the intensive day trading courses, you might just be ready to fund a live trading account. Then, who knows how much money you could be making?
Do you think you are cut out for the world of day trading? Do you think you have what it takes?
When you find yourself searching the Internet for places that would give you these answers, seek out Warrior Trading on StockTwits.