[Axrose]

Hi,

I am beginner and decided to enter stock market to start with small cash , mainly in Europe like DAX and CAC40 as I have been seeing these companies grow since my 22 years of business experience

My main interest is in Day Trading where I enter in the morning with my cash and exit before the markets close, I dont beleive in Margin Call, I feel more comfortable with my own cash,

the idea is to jump into already climbing stock, and dump it even if the gains are small (or worst for small loss) by the end of the session, I will be happy if the gain are under a percent , steady growth is better then risking the hard earned money with greed for more

my understanding is that even though I will be quick to decide and trade the settlement will still take place in T+2 or T+3 that means my capital is stuck in previous trades,

so any suggestions where I am wrong, I am sure there are gonna be pitfalls every where, but I guess if I keep my eyes open and my nose clean I can mange to survive

[pipbanker]

I dont know what your method is, but DAX would be a pretty wild instrument to trade for a beginner. Not sure what you mean, but I am talking about FDAX, futures

[naveen1985]

what u have mentioned is actually just everyone wishes(taking the stock when its hot and running, take profit or book small loss ), it would be useful if you could elaborate ur strategy more...

[nagesh]

hi

it is a good decision to day trade, no overnight carrying positions tensions be quick to book profit all the best in your trading.

[Axrose]

With DAX I mean DAX listed companies, not the FDAX , normally these are the companies close to their core values and strong

[Axrose]

For Naveen, my strategy is pretty basic, I put my money in companies I know and as said before they must be strong, I dont go for Financial institutions where often hear "oops I did it again" or tech companies where things change faster then we change clothes

so in a nutshell I look for old but progressive companies, its not that these companies cant go down, but such occurrences are not very often

2 weeks ago I put together small virtual portfolio on Bloomberg app, I started by reading news and their fundamental, spread cash in 5 companies on their previous day close by the afternoon together they added up almost 2% in value, for me it was time to dump them

day after day I was doing it and every day my cash adding up between 1% to 1.7% until the news about euro zone starts coming in where I start to add over 3% the point where I dump the stocks

until last thursday where Euro leaders met and finalized 1.4 trillion support and stuck a deal with greek debt holders that day I added up nearly 6% on my selected companies

to cut the long story short I react and select the companies on news and I just sell my portfolio as soon as I feel that its time to get out , its purely a gut feeling

the only thing I need is to get in and out in a same day to avoid any after market and the next day opening surprises

I hope my strategies is clear now (its no rocket science)

[Axrose]

about the nagesh's comment: the problem I am foreseeing in this is the T+3 in US and I guess T+2 for FSE, I will be working on limited cash, and I dont plan to make margin call, since I will be selling at the end of the session I have to wait for days until my trade is settled

[naveen1985]

Have u tested ur methods for day trading by paper trading? I would suggest you to paper trade first and see what are the different scenarios possible and what steps u should take in each of them....
Stick to companies with good volume and volatility. i don't know how much important are fundamentals in day trading...