Hi, My name is Madan. I am novice to stockes and share trading. Especially intra day trading. 2n any one tell me how do I get started in intra day trading.Your guidence will be appreciated.

Hi Madan,

I would suggest you create a simple trading system that can help you to make the decision when to enter and exit the market quickly, since with intraday you need to make a decision in a relatively quick time.

It also depend you what time frame you want to trade.

There is a free book for intro to intra day trading by Markus from rockwell trading, http://www.rockwelltrading.com/free-ebook
I am not affiliated with rockwell trading, I chat with Markus a couple of time during their trading room session as well as Brian. My impression is they are very good, they answer any questions I have and very open.
I only try their trading room for $1 trial for 1 week.

you may want to check the free book out to give you some idea.
I use their simple trading system combine with my trading system to improve the accuracy.

there are a lots of info about intra day trading on the net if you google, I would caution that there are lots of intra day trading room on the net which try to sell you expensive courses or free course but expensive monthly trading room, since you may find the same information from the net which is free in most cases. you can check them out as well and see if they are right for you. since trading need to trading system should match with you risk profile as well as the time need to suit you as well.

I found the simple trading system is still the best

Hope it helps.

Regards
- Max -

What are the rules on day trading in a futures account? I understand that I have to have a minimum of 25,000 dollars in my account if I am a pattern day trader in a stock account. Does this same rule apply for a futures account?

Absolutely not. Some brokerages have minimums as little as 500 to trade an S&P emini.
Check out the websites at Advanced Futures or Velocity futures. Their miniumums are low.
I am making no recommendations, however, just answering your question.
There is definitely NO huge pattern type day trader rule in the futures industry.
And the reason is, you don’t own a contract, so you don’t own anything unless you take delivery. You are simply putting up good-faith money. (But since you are "buying" or "selling" on margin, you WILL have to put up more money if your position goes against you and you want to keep holding it.)

Does brokerage vary for intra day trading?
What is the % brokerage?
What are the other types of trading ?

Intra day trading is day trading. On line brokerages charge from 5 dollars to 20 dollars. The bigger brokers probably wont do it. If they do they charge hundreds of dollars. Other type is interday which is long term.

I’m wanting to use an online service such as e-trade or scottrade for day trading. I’m wondering what the time difference is between entering the decision to sell and when the stock actually gets sold.
Sam, people like you make me laugh.

It depends on the type of order you have placed. Suppose you have GM shares (before bankruptcy, of course!). You want to sell those shares. You can sell them either at the prevailing price, or at some particular price in your mind. Suppose, you place the order to sell those share at 75 cents, you will have to wait till the share price reaches 75 cents. And if you place the order to sell them at market price, your shares will be sold at whatever lowest price at which the buyers are ready to buy them.

Let’s say someone has a brokerage account with $50,000 in it. How much of it should they trade in order to reduce risk but also make some money? How do you reduce risk in your Day Trading?

The answer to this depends largely on the risk of the strategy. If you had an absolutely riskless system (impossible but just for the sake of argument), of course you would risk a lot. But for just starting out, I’d recommend using none of the margin at all and only investing a portion of the equity itself. Or better yet, paper trade (see below).

Be sure you’ve got a genuinely profitable strategy, because most people (over 90%, according to most studies) lose much or all of their captial within a fairly short period of time. If you’re not sure about this, or even if you think you are, then you should "paper trade" or simulate your trading. Most brokerages now offer paper trading features. This will also give you a much better idea of how much you want to risk. But even then, there’s a lot of risk (simulators aren’t perfect, and things change).

I keep hearing about day trading, is it easy to learn and is it likely that i will not lose all my money doing it? I only have about $1000 to start and i am only 23 years old but i think it maybe fun and a learning experience for me if anything. What websites should I go with to learn/do some trading?

Day trading is the buying and selling of stocks during the trading day by punters on their own account. The aim is to make a profit on the day and have no open positions at the close of the trading session. Day trading became a fad during the 1990s boom as people gave up their regular jobs to play the market full-time. The bursting of the hi-tech bubble was a rude awakening.

What can day trading pay? If you are an excellent day trader and know your stuff what can you make? I have heard millions is a small possibility.

If you are good, you can make millions. More likely is you will lose a small fortune, and be very loney during the process. tba