Day Trading For Dummies
Chapter One
Wake Up to Day Trading
In This Chapter
* Figuring out just what day traders do anyway
* Setting up a trading business
* Concentrating on a few assets, a few dollars at a time
* Knowing what it takes to be a successful trader
* Dispelling some of the myths of trading
Make money from the comfort of your home! Be your own boss! Beat the
market with your own smarts! Build real wealth! Tempting, isn't it? Day
trading can be a great way to make money all on your own. It's also a great
way to lose a ton of money, all on your own. Are you cut out to take the risk?
Day trading is a crazy business. Traders work in front of their computer screens,
reacting to blips, each of which represents real dollars. They make quick
decisions, because their ability to make money depends on successfully executing
a large number of trades that generate small profits. Because they
close out their positions in the stocks, options, and futures contracts they
own at the end of the day, some of the risks are limited. Each day is a new
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