Putting stops in place isn't a hedge.hedge losses by placing stop-loss options?
Fact or opinion?90% of day traders lose 90% of trading capital in first month.
Not really relevant to the OP now then.fact during the tech boom to bust.
day trading was the new path to riches.
One of the us online brokers did this research.
One of the us online brokers did this research.
I would advise against it aswell. Buy ( over time to achieve a better mean weighted average ) and hold for the long is the best strategy.
I would consider spread betting. It's easier to manage and tax free. You can could also engage in arbritage- it is something in the past I have exploited and made money on very very quickly (but can be time consuming)- especially the money markets.
Capital spreads is a one company to use - it's fairly self explantory & provides probably the best value spreadbets with auotmatic stop margins or else http://www.etradeprofessional.co.uk/spreadbetting/index.html for money market plays. The current market turmoil is a perfect time to spreadbet when the Vix index is high. When the Vix is high then different positions are taken by many different people on where the market is heading. As I say the margins are tiny so unless you are Warren Buffett, it's only for a bit of pin money. As someone earlier in the thread mentioned the Far East market such as Ho Chi Minh index - up 73% YTD. Huge specualtion plays there. By the way anyone know the P/e's at the moment in Vietnam (posted thread earlier) are they as bad as the Shanghai or Shenzhen Stock Indexes. An example at present to bet on - there is a certain type of fruit that makes MP3's, a lot of uncertainity which way it will paddle in next few weeks - slashing prices of new product etc.
Finally did Sports Arbitrage before this, purely for the crack of screwing bookies - margins can be up to 10% on outcomes. They catch on very quick though so have to be clever with bets.
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