Saturday, December 28, 2013

Thoughts on Day Trading

I day traded for about 6 months last year and it definitely is a full time job, you have to analyze charts, moving averages and pick your strategies but you can make some good returns if you focus. I used to listen to Daytrading Rock Star (I still do off and on) and his radio show is cool during the day to help you feel connected to other guys that are trading. You can make money off of $500-$2,000 it depends on your methods. If you trade options you get more bang for your buck but I suggest starting out with simple bid/ask trades before going into greeks and option jargon. I made some good trades and then some bad ones and in the end for me at this moment I don't have the time to follow things like I should so I focus on dividend stocks to get a steady return.

End Of The Year Dividends

So here's another tip that I just figured out... a lot of companies will pay larger dividends at the end of the year, sort of like a Christmas bonus. Just got mine and I'm glad I found out without even knowing.