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Commissions
Are you paying sufficiently low commission’s to permit short-term trading with a
positive bottom line?
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Personality
Can you take the pressure of short-term trading? Are you more in tune with long-term
trading, its less demanding pace and the patience required?
•
Health
Believe it or not, health is a consideration. If your health is at stake, then by all means
don’t push your luck. Trade with that period of time in mind, which will best be suited
to any health concerns. Answering this question honestly will help make many deci-
sions for you without considering any of the other aspects.
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Data
Many individuals are under the false impression that they can day trade the market
without a steady source of tick-by-tick data. Don’t fool yourself.
To day trade you need up-to-date, tick-by-tick, accurate and reliable data. If you can’t
afford it, if you don’t know how to use it, then don’t kid yourself. Day trading is not for
you.
In addition to the above, there are other factors which are specific to your individual situation that
must be considered before a final decision is made about the type of trading you wish to do.
This is an important decision. Do not take it lightly.
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