Trading Techniques - Some clarification please.

[trade1010]

Hi I am new to trading.

I have been looking at the stock market for some time.
I have got some cash and want to start day trading, around my full
time job. Where I by a stock and sell in the same day.

I have been looking at some trends for stocks which are volatile during the
day trading hours. Therefore providing entry and exit points.

I am looking to make about 1% - 5% in day trading.

In the morning I look at the trend and buy shares placing a buy order + sell order,
immediately.

My question is which are the best stocks to do this type of technique.

And also is 0.5% stamp duty is applicable in all buy trades. Therefore after this is
covered you are in profit?

Thanks.

 

[nine]

Stamp duty probably only applies to UK stocks ... and will apply to all. Someone contradict me if I'm wrong.

"New to trading" and "1-5% per day" is a contradiction in terms.

The best bit of advice you could get at this point is: don't day trade yet. Instead try swing trading holding for anything from 2-3 days to 2-3 weeks. If you can master swing trading then look at the more difficult art of day trading.