To "Newbie" as me:
.."Day trading is the act of buying and selling a financial instrument within the same day or even multiple times over the course of a day. Taking advantage of small price moves can be a lucrative game — if it is played correctly.
But it can be a dangerous game for newbies or anyone who doesn't adhere to a well-thought-out strategy. What's more, not all brokers are suited for the high volume of trades made by day traders"...
But many popular online brokers have professional or advanced versions of their platforms that feature real-time streaming quotes, advanced charting tools, and the ability to enter and modify complex orders in quick succession.
5. Avoid Penny Stocks
You're probably looking for deals and low prices, but stay away from penny stocks. These stocks are often illiquid, and chances of hitting a jackpot are often bleak. Many stocks trading under $5 a share become de-listed from major stock exchanges and are only tradable over-the-counter (OTC). Unless you see a real opportunity and have done your research, stay clear of these.
