Making Money from Day Trading Online from Home

A good way to generate some income from working from the comforts of your home is by day trading stocks on the internet. By using online brokers such as etrade, it makes it a whole lot easier for us to access trading stocks with reasonable commission fees. Signing up with a broker is pretty simple. You go to their website, deposit funds, and then wait for it to clear. Once you are clear you can begin trading stocks. I know that a lot of people are afraid of the market at the current time. But that doesn’t mean that you still can’t turn a profit from the stock market. You can actually get some good stocks dirt cheap right now. However, you should remember to only invest with money that you don’t need for living expenses, and that you don’t need access to for a decent period of time.
A good dollar amount to get started with is $5000. That might seem like a lot of cash, and it is. The reason you want to start off with so much, is so that you can buy some volume. This is where you’re going to make your profits. If you only invest a couple hundred or so, you won’t be able to purchase the necessary amount of shares to make a decent profit.
Ok, the key to making money is to find a stable stock that doesn’t move all that much, you don’t want the stocks that are on the news and in the reports, this causes a lot of trading activity and makes it harder and more unpredictable to trade in the positive.
So you managed to find a good looking stock that isn’t moving much, the goal is to make a limit order on the bid price. And then immediately put in a limit sell order at the ask price. Example: bid-6.00 ask 6.05. So if you bought 4000 shares at 6.00 and then sold for 6.05, you would have a profit of $190 after commission charges. If you managed to do this a few times a day, you can end up making some pretty decent cash. You have to be careful though that you are only taking smart trades, because those commission charges can add up pretty quick.
So basically what you are trying to do is purchase big volume in stock and then sell immediately squeezing out a tiny percentage increase, the secret is in the volume and the bid ask spread.
Do some google research on bid ask spreads to learn more on how that works.
Again, make sure you are not trading with funds that you need access to for rent, bills, ect.
If you really want to learn this stuff, and it seems like something you might seriously want to get into, I recommend 1 book, “Day Trade Online (Wiley Trading)“. I’ve read several books on day trading, and this one is by far the best.
Here’s the link:
Day Trade Online (Wiley Trading) Online by Christopher A. Farrell
This book will walk you through it step by step and explain it way better than I ever could.