dredude52
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If you really wanted to know about Day Trading, you would look at your local library and find there are literally hundreds to choose from. I don't think you're very serious, more of a whim, so you won't get any in-depth answers until you do some of the work.
Here's a few beginner's books:
"Which Is Better, Buy-and-Hold or Market Timing?"
"Do You Have What It Takes to Be a Market Timer
The Beginner's Bible in Technical Analysis is:
Edwards & McGee"Tech. Anal. Of Stock Trends"
Droke, ClifTechnical Analysis Simplified
Kahn, Michael N.Tech. Anal. Plain & Simple
Kamich, Bruce M.How Technical Analysis Works
Lefevre, EdwinReminiscences of a Stock Operator
Lofton, ToddGetting Started in Futures
Lowenstein, RogerBuffet (Warren)-The Making of a Capitalist
O'Neil, William J.How to Make Money in Stocks
Oz, TonyHow to Make Money From Wall Street
Rotella, Robert P.Elements of Successful Trading, The
Schwager, JackStock Market Wizards
Schwager, Jack D.New Market Wizards
Sperandeo, VictorTrader Vic-Methods of a Wall Street Master
Wasendorf, Russell All About Futures
Slutsky, Scot and Darrell JobmanComplete Guide to Electronic Futures Trading, The
The first answer here was more or less on point, but the only other person that answered with any knowledge of fact was the Currency trader.
The others are just full of dooky, e.g., cierestar says "A lot of people make a LOT of money in day trading." He makes it sound so easy, when in fact, 90% of the peple lose. He also says "what makes day trading work is the ability for the traders to buy and sell in HUGE quantities. Like $5000-10000 trades." Then his math is horrible in the next paragraph and he shows a general vein of ignorance on the subject.
To a successful Day Trader, $5000-$10000 is beans. Maybe cierstar means 5000-10000 shares of stock, which would be more likely. Second, a Day Trader is not looking for a 10 pt move in a day; that is simply ignorance on cirestar's part. And 1000 shares of stock do not "influence" the liquid stocks one iota. Maybe cirestan is used to trading penny stocks. A successful Day Trader is a knowledgeable trader, and knows he can only day trade where and when there is liquidity.
Another answer by "thav" starts out with "I am pretty sure..." You don't need to go any further, but he tries to equate "investing" with "Day Trading." He could not be further from the truth, and he should be "pretty sure" about something else.
"Investing" is buying something for the longer term, at least, more than one day. Neither is selling short considered "investing." A Trader goes either way, and is often in and out in a few minutes.
I trade stock index futures, and my average trades lasts less than 30 minutes. For a single contract, my commission cost is less than $10 round trip. I trade online at TerraNovaOnline, and they have several traders that trade more than 200 trades per day, and many more that trade over 100 trades every day. But that is something else, more like Super Day Trading. With the after-hours session, Day Trading simply means you will open and close a position within 24 hours, or several times.
A good place for you to go and learn about trading would be Investopedia.com
You should also try their simulator.
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