Is day trading as simple as watching stock rise and fall thought out the day?
Probably sounds like a dumb question, but is there any rhyme or reason to day trading, or is it simply watching upward and downward trends on a daily basis.
Is it as simple as taking 300 bucks a day plugging it into the market and seeing what happens?
Could you day trade on couple hundred dollars?
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The simple answer is no. Day trading is a difficult profession that can require years to perfect. I’ve been investing for 30+ years. Five years ago I started swing trading (holding a stock from 1 to 30 days…. Sometimes, for me as long as a couple of months). I started day trading early in 2009.
There are two distinct skills needed;
Trading Money Management
You can’t be successful at day trading without some expertise in both.
On average 95% of those that try to day trade give up…. Or lose their account. Usually in a short period of time. Some people succeed relatively soon (very few)….. Most take 3-5 years.
I’m pretty typical. I’m reading a new trading book every month… Or re-reading one. I take weekly webinars regularly. My broker does 1-2 every week. One of them (Monday’s) is solely on trading psychology.
Discipline, patience, having a plan (sticking to it) & plenty of trading education are the basic requirements
Here’s some of the web traders I follow;
I hope this answers your question. Trading becomes a passion. But the hours you have to put in every day can be exhausting.
How did the Crusades & the Black Plague help to break down the feudal system in Europe during the Middle Ages?
Help? I know that the Black Plague killed most the serfs/peasants & that the Crusades increased trade, so that helped weakened it. What else though?!? Pleease help!!
Europe in the medieval times was predominately agricultural society which was based on feudal economy. This economic system was successful because it survived for millennium and was completely abandoned in the 18th century. It also was able to feed more people than did Roman Empire. In its peak, European feudal population was close to 100 millions, more than Roman Empire at its largest extend. Some feudal obligation in France were still in existence till 1789. This economic system was revolving on agricultural production centered in small, self-sufficient communities protected by landlord, and traded surplus on near by markets. By 1100 the peasant did not need to walk anywhere more than two hours to sell his agricultural production in the city markets. The feudal system started to disintegrate with emergence of new social class – the urban citizen. The feudal system was based on three classes – peasants doing all work, the lord protector, and spiritual leadership of clergy. The new class did not belong into any of this classes. City person was protected by strong walls, was also educated to conduct business, and was not bound to land as a peasant.
The emergence of large vibrant urban class was directly related to the Crusades, because it expanded trade opportunities, and this venture required significant planning, capital, and resources. As a result of the Crusades, cities like Genoa and Venice became the banking and financial capital of medieval Europe. Cities benefited from the expanded trade. Before the 1100, most of the cities in Europe were small (with exception of Cordoba and Constantinople). Paris had probably 25000 citizens. By 1350, Europe had many large cities, where Paris had 250,000 and several others over 100,000 inhabitants like Venice, Milano, Napoli, Genoa, while others like Prague, Vienna, Mainz, Bruggs, Ghent, Pissa, Lubock, Rouen well between 50,000 and 100,000. Such large cities created not only demographic, but also social, economic, cultural, and political shift in the feudal Europe. While agriculture was still dominant source of income for many, cities had capital, money, and power to dominate the economy. The traditional system around manor disintegrated, first in Western Europe and later in Southern and Central Europe.
Black Death speed up the economic emergence of cities. It devastated manpower, which had to be replaced with technology and innovation. While in the countryside the productivity remained the same, the cities were forerunner of technological innovation: building better ships, forges, water mills, mechanical devices to replace missing workforce. This revolution was probably possible due expanding educated class. Universities since 1300 generated yearly thousands of scholars with degrees in various fields. Feudalism did not collapsed suddenly, but the break down was a long process lasting several centuries from 1350 to 1700’s.
How do i become an animator like Matt groening or Seth Macfarlane?
basically i have extremely developed drawing talents and i want to become an animator like Matt groening or Seth macfarlane. don’t say that i have start young because im 15 now and im planning for my future. What i want to know is, Do i need a certain degree at university? am i better off in america? anything will help me! 🙂 thanks
Well, here, let’s have Seth tell you himself.
You will need to sign up for a Hulu account…no biggie (make sure to make yourself three years older to be able to view…due to language). Also, it breaks out here and there for commercials, but Hulu is great.
I love Seth MacFarlane and think he is wonderful. If that is what you want to be in life, then good for you. I have a 12 year old son and I would support 100% if that is the route he wanted to go.
I think one of the biggest things is to get an education in animation or film making. I know that some people who have not had the education have made it, but that is really a rarity. I would suggest education not only to get a foot in from referalls and so on, but then you will always have something to fall back on while waiting for the big break.
Also, having the education, you would know all of the technical ins and outs. Being well versed in your trade is priceless. Think about Seth…he has great communication and speaking skills for someone with his type of humor platform. That was the formal education.
For this type of work…American schools are probably better. Most of the big dogs in the industry are all in the US.
Seth was the youngest ever in his field to be successful for a reason…it is really hard and he was a dream story.
I think that this clip (29 min..sorry) will give you a little inside. All the kids there are going to school for animation or film (probably big kiss butts to be able to get to this show, ahahh). Anyway. He tells his story and maybe can give you a little idea. I wish you good luck and honestly hope you do well.
Has anyone actually made a successful business using their own Business Plan?
Has anyone actually made a successful business using the business plan they created on their own?
If so, could you recommend some books or material useful to your successful business plan?
Im actually planning on starting my own store (non-work-at-home business)
Even if you’re going into writing your own business plan with no prior experience, you’re far better off having a plan in place than not.
Business plans are like resumes, there’s not one specific way they have to be written. What’s important is that you’ve done your homework and covered your bases. Getting outside help, e.g. Assistance writing it from your local SCORE (Service Corps of Retired Executives) chapter can definitely help, but isn’t strictly necessary.
Your plan should cover:
1. The Market
A. Who are your customers? How are they defined (age, income, geographic location, gender, etc.) How many of them are there? What are their current habits/preferences?
B. Who are your competitors? How many of them are there? What are your points of competitive (dis)advantage vs. Each of them? How will you sell against them?
2. Details of the products/services you intend to offer, including how you’ll price them
3. Your marketing strategy: How will you promote your business? Where will you sell your goods/services? Your store? Other retailers? Online? At trade shows? Some combination thereof?
4. Your organizational information: what kind of business are you? Sole proprietorship? LLC? S Corp? Partnership? How are the various functions of the business being handled and by whom? HR? Marketing? Production/service delivery? Etc. How are you handling banking? Payroll? Insurance? Logistics? What assets do you already have? What do you still need?
5. Finance: How are you obtaining the capital necessary to start your business? What are your projected revenue & expenses for the first year or two?
If you’ve got all that, you’ve got a pretty solid business plan, regardless of who wrote it or how it’s specifically formatted.
how long can a profitable day trading strategy last?
How often do you have to change your strategy if you want to last more than two decades trading for living if you find profitable one to start with?
I’ve been in the business for over 40 years, I know many floor and in house traders who have been very successfull years after years.
Trading is not always about making money, it also requires to protect the assets they have. Traders do not need to make money on every trade, but most traders have a strong money management plan in place which permits them to be profitable years and years.
All professional and successful traders have four major policies that they follow
1 – A written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself. Always use stops either to protect you on the down side or to lock in profits on the up side. Never trade on emotions, when emotions get involved walk away. Don’t try to out-smart the market, you’ll loose but if you always take what the market is willing to give you, you’ll be successful. Other words, you don’t trade against the trend since the market is always right. And NEVER trade on emotions, once you let emotions in your trades you will loose
2 – A written money management program is essential. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested. Never go into a trade without knowing when and where you are going to get out of it. Never let a loss on a trade get greater than 8%-10%, always take you loss and walk away – don’t loose more than you need to and don’t be afraid to take the loss. Remember you never can get hurt taking a profit. Never average down, but you can average up.
3 – Traders must have sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you can trade and/or invest. Margin can be used but only with restraints, never let the account wall below 45% equity. Unless you fully understand margins you should not use it.
(this does not apply to floor traders)
4 – A full and complete understanding of the rules & regulations of the industry. If your going to play in the game be sure you know the rules of the game and always follow them.
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