Is same day trading profitable- Buying low, selling high?

Answers:0   |   LastUpdateAt:2012-10-11 06:02:54  

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marymac
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I recently started to trade stocks as a way to gain experience in the securities markets . I have about 20K play money ( $ $ I can experiment with , without risking 401K savings and investments ) and I wonder if it's a good idea to do day trading , and buy when the market is low and sell when the market is high. I have a self-directed brokerage account that charges 11.95 a trade for up to 1,000 shares , $ 0.01 per share after - I will be getting less than 1K shares anyway - I've been seeing some stocks that fluctuate around 4% ( day ) , so on a good day , if I catch large cap stocks , with a large volume , should be able to make a profit of 3% (if the trade at the right time ) . That will win me a good $ 450 per day ( based on 15K with 3 % gain ) . Does this work ? MedlinePlus MedlinePlus Thanks in advance
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