Day Trading

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Get the Research You Need to Day Trade

Many brokerage firms offer day trading services. They all have services that tell you what the prices are for any stock or other security at any time, but this doesn’t mean that they have all of the prices [more…]

Technical Analysis Services for Day Traders

Almost all day trading strategies rely on technical analysis, which is the process of identifying buy and sell opportunities based on the supply and demand for a security. Technical analysts look at charts [more…]

Newsletters and Strategic Advisors for Day Traders

Day trading relies on information. Most of this information can be found from an analysis of the news and the price data, both of which are readily available from brokerage firms and quote services. But [more…]

How to Check Out Day Trading Service Providers before Buying

Trading software, training, and research services for day traders can get expensive, and some are outright scams. Even those that are legitimate (and most are) may not be right for you. Before you spend [more…]

Tax Advantages of Day Trading Through Self-Directed IRAs

Much of the tax hassle associated with day trading is eliminated if you trade through a self-directed Individual Retirement Arrangement, or IRA. Most brokerage firms can set them up for you and handle [more…]

How to Deal with Negative Emotions when Day Trading

In day trading, the big emotions can take over and mess up your strategy and your returns. The enemies are doubt, fear, and greed; like any bullies, they have their toadies, including anger, anxiety, boredom [more…]

Stress Antidotes for the Day Trader

Successful day traders have a life outside the markets. They close out positions, shut off monitors, and go do something else with the rest of the day. As you plan your life as a day trader, think about [more…]

Support Systems for Day Traders

Day traders need support systems. Friends and family are all well and good, but they don’t directly address the mindset of day trading. Ah, but there’s a veritable industry of support for traders, and [more…]

How to Overcome Problems with Following Your Day Trading Plan

A good, tested trading plan sets out market patterns that work often enough that you can make good trading profits. But some people have trouble following their plan, and that leads to stressful mistakes [more…]

How to Revise and Troubleshoot Your Day Trading Plan

Strong discipline is key to success in trading, but only if you’re disciplined in following the right system. If your trading method is flawed, sticking to it is going to hurt you. If something isn’t working [more…]

The Downside of Day Trading Chat Rooms

Spend any time on the Internet researching day trading and you’ll come across the chat rooms and message boards that some traders use to exchange information. Or at least you’ll come across the chat rooms [more…]

Lower Risk through Diversification while Day Trading

Returns from day trading are a function of risk. If you want a guaranteed return, go down to your bank and open a federally insured deposit account. The returns will be almost comically low, but you'll [more…]

Understand the IRS Wash-Sale Rule when Day Trading

Day trading income is comprised of capital gains and losses. A capital gain is the profit you make when you buy low and sell high — the aim of day trading. The opposite of a capital gain is a [more…]

How to Determine the Probability of Ruin from Day Trading

Expected return is how much money you can expect to make if you stay in the day trading game. But it has a counterpart that is at least as important: the [more…]

Understand Volatility in the Derivatives Markets while Day Trading

Day traders seek more volatile securities because they offer more opportunities to make money during any given day. For this reason, they need to have ways to minimize the damage that may occur while being [more…]

How to Backtest Your Day Trading Strategy

In backtesting, a day trader specifies the strategy that he or she would use and then runs that strategy through a database of historic securities prices to see whether it would have made money. The test [more…]

Simulate Your Day Trading Strategy before Taking It to Market

With a backtested strategy in hand, you may be tempted to start putting real money on the line. Don’t, at least not yet. Start with what is known variously as [more…]

Backtesting and Simulation Software for Day Traders

Several vendors have risen to meet the challenge of backtesting and simulation so day traders can try out their strategies before they lay down real money. This list is by no means exhaustive, nor is it [more…]

How to Get Around the IRS Wash-Sale Rule

At an extreme, the wash-sale rule can mean that day traders who are in and out of the same securities over and over may be taxed on all their winning trades, without being able to subtract their losing [more…]

IRS Limits to Qualified Day Trading Expenses

The IRS lets you offset your profits from day trading with the expenses that are incurred to make those profits. Things like legal and accounting fees, the expenditures to set up your office, and interest [more…]

Tax Information for IRS-Qualified Day Traders

If you meet the IRS qualifications for being a day trader, you can avoid some of the tax headaches faced by people who trade but are not considered by the taxman to be traders. [more…]

Tax Forms and Deadlines for the Day Trader

Knowing what constitutes day trading income, what expenses you can deduct, and what special rules apply if the IRS considers you a qualified day trader is all well and good, but when it comes right down [more…]

What You Need to Know about Taxes if You Day Trade Currencies

If you day trade currencies, the tax laws that apply to you can be confusing, and there are gray areas. How taxes apply to you can be impacted by the following: [more…]

What You Need to Know about Taxes if You Day Trade Stocks

Day traders aren’t investing; they’re looking to take advantage of short-term price movements, not to take a stake in a business for the long term. Unless, of course, you’re asking the IRS about it. The [more…]

How to Hire a Tax Adviser Experienced with Returns for Day Traders

You don’t have to hire someone to do your taxes, but you probably should. Day trading generates a lot of separate transactions to track, and the tax laws are tricky. Mistakes can end up costing you your [more…]


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