Day Trading Solutions

I am looking forward to getting your coffee tables with Day Trading Solutions, maybe another version of discount brokerage. However, it probably will not be too soon. I was once told that writing a post is like giving birth to my thoughts. If this is true then the labor has been long and hard.

Therefore, my advice to you is get into it!

If you agree with me that any currently unneeded cash that you receive from your equity investments should be reinvested, you generally have two options: using a DRIP, or reinvesting your dividends on your own. The two choices are not mutually exclusive (you can use the in conjunction, depending on where, and how your stocks are held), but investors usually seem to favor one over the other. DRIPs, or dividend reinvestment plans, are available through most discount brokers, transfer ..>>.

I should also introduce my friends to take a look at of this:

WSJ Deal Journal] When will the writedowns end? Merrill Lynch posted a $4.65 billion loss, as the brokerage firm incurred a write-down of $9.75 billion. The Wall Street firm said it had reached a nonbinding agreement to sell a controlling interest in its Financial Data Services business. Merrill shares sank 6.4% in after-hours trading. [WSJ] Little comfort: The assets auctioned from a $7 billion SIV formerly known as Cheyne Finance drew bids that would pay only 44 cents on the dollar if ..full story.

When the going gets very rough or too easy, those who are pursuing the greater good may feel a stronger compulsion to keep on pushing.

Investopedia has a great stock trading simulation which allows you to trade $100,000 of fake money based on real-time market data. It's been around for a couple of years and you have the option of joining several different "games". The main game is a fairly accurate representation of what managing your own discount brokerage account might look like. There are over 175,000 accounts against which you can compare your performance to. The top performers have turned their $100,000 to ..read all.

What you say? So sit back and relax...