AAPL – A statement released by the manufacturer of Apple’s iPhones and iPads to limit work hours at its factories in China could force other global corporations to hike pay for Chinese workers who produce the world’s consumer electronics, toys and other goods. Apple spiked to over 612$ per share in the pre-market, however is pulling back aggressively and testing the 600$ level.

VVUS – U.S. health regulators are asking for advice on when and even if heart safety studies should be required for new obesity drugs, possibly adding a new hurdle on their path to approval. Despite this news vivus is trading up about %6 on the day.

RIMM – research in motion missed estimates by 1 penny, continuing its epic slide to the down side. former ceo jim balsillie has also resigned from the companys board of directors. The current ceo thorsten heins says the company is undergoing a major strategic revamping, and is not ruling out a sale of the company. rimm is currently trading about flat at 13.80 per share.

TIBX – tibco software inc. – getting a nod from jim cramer earlier in the week, as one of the hot software companies that he has on his radar, saw a nice pop to the upisde this morning, however has had a major pullback. hitting highs of 33$ per share and currently trading on it’s lows of the day to 30.81.

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A day trader is a trader who buys and sells financial instruments within the same trading day such that all positions will usually be closed before the market close of the trading day with the objective to quickly get in and out of any particular trade for a profit anywhere from one to few cents.

Beginning traders should read books and watch video clips from professional traders to help themselves gain some knowledge in techniques and managing risk to avoid what people in the industry call beginner day trader mistakes.

Beginning Day Traders, should take time to learn everything they can in the trading industry before entering the business. No beginning trader is ever as good as he thinks he is, even professional traders will test new strategies in simulators and with back-testing allowing a trader to make imaginary trades and track the performance. Although there is no real money on these, it allows you to gain experience. Many traders practice for months making hundreds of virtual trades thinking at the end that they understand the concepts and strategies inside out, this is actually a mistake because when they begin trading in live market condition they are quickly overwhelmed. You must practice to learn but it is not the same as doing it live. Lack of knowledge in technical analysis and profitable trading tactics contribute to a trader’s failure. Day trading revolves largely around technical analysis and relative objective indicators. Techniques such as these that allow the trader to remove emotions and remain objective tend to be a crucial part of sustained success.Trading is just like any other business if you don’t have plan of action you are destined to fail.

A good day trading plan has definite rules you need to follow most of the time, will give you signs when to take a trade, how much money to risk in that particular move and when to exit with a profit. A trader who doesn’t really understand the concept of trading and enters the business without a plan is very much destined to fail.

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There are a lot of things you have to do and master to be a successful stock market day trader. You can’t just simply trade immediately without learning the ropes of the business first. Devoting time for research will benefit you along the way. There are a lot of websites online where you can learn and practice trading without risking your own money. Practice gives you the experience needed and the chance to test strategies that might be useful once you start trading with your own money. Understanding all the terminologies being used in the trading business is not enough to be a successful trader but it’s surely a start so it’s very important to keep yourself updated with what’s happening in the market. You should also have proper money management to be able to monitor your finances. While losing once in a while can’t be avoided, you must remember that making profits should be your priority. Don’t let your emotions control your trading. There is nothing wrong with aiming for big profits but you must also be cautious with your trades, allocate a certain amount worth risking.Losses should not discourage a day trader,
but don’t allow profits to make you over confident as well.

Joining investment clubs give you the opportunity to meet other professional traders and learn from their experiences. There is nothing wrong listening to the opinions of other people who have been in the trading business longer than you are. Access free internet trading chat rooms and compare strategies with other traders. It is also important to have your own journal to monitor strategies that gave you profits and losses, this gives you the chance to analyze which strategy won you profits and what mistakes led to losses.
Trading need not be difficult as long as you master the art of day trading.
Profits will flow if you are doing things right and losses will be minimized if you are careful.Just as with everything else in life, what you get out of it is proportionate to what you put into it.

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Paper trading (sometimes also called “virtual stock trading”) is a simulated trading process, that new traders can ‘practice’ investing without committing real money. There are a lot of reasons why paper trading is considered as one of the most important part of stock market trading.

Simulated Trading

• $200,000 Buying power simulated account
• Access to real time quotes
• Free real time charting
• Access to all technical indicators

To get a free demo account please click here.

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