Stocks & Commodities V. 27:10 (98, 97): At The Close by Don Bright

Stocks & Commodities V. 27:10 (98, 97): At The Close by Don Bright
Item# \V27\C10\203CLOS.PDF
$2.95
Availability: In Stock

Product Description

At The Close by Don Bright

Starting To Trade For A Living

Ever thought of trading for a living and didnít know where to start?

receive dozens of phone calls and hundreds of emails each month from those who think they want to get involved in trading for a living. So much of our industry is simply misunderstood that I thought it was time for an analysis, hoping to help those in their quest.

RETAIL ACCOUNT TRADING

Not much has changed over the years in the retail world. Basically, investors/traders can open up an account with any of the multitude of retail brokers available. The services vary widely, and each person should first determine what they are going to be doing with this retail account.

The days of broker assistance is pretty much over, morphing into individual online access. The investor will likely look more to financial advisors for advice rather than a stockbroker. For active trading, the novice may want to look for something like the ability to short stocks easily. The world of buy & hold has pretty much gone the way of telephone service from a broker. Youíll want to be able to receive interest on your short stock sale monies. Youíll also need to qualify as a pattern daytrader (Pdt) if you plan on making a few trades in the same stocks each week. This requires a minimum balance of $25,000, and allows for 4:1 margin vs. the standard 2:1.

Be sure youíre using capital, not just overleveraging yourself with additional shares and additional risk. Itís hard to make an actual living with accounts like these. What kinds of groups are out there for traders?




FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.




Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order