Day Trading North Carolina

Successful day trading is the art of making short-term trades of financial instruments traded on the stock or futures market. The short length of the trades makes this type of trading far different than long term or investment trading. The tools to make these trades emphasize the technical vs. fundamental elements to open or close the trade. A successful trader will use both the short side of the trade and the long side of the trade for an opening position. Success is easy to figure out; if the sell price is higher than the purchase price then a profit will be made.


1. Local Companies

AXA Advisors, LLC-Eddy Snow
(704) 636-6681 E 105
107 Dorsett Drive
Salisbury, NC
Jackson Hewitt Tax Service
(704) 853-8030
P. O. Box 6085
Gastonia, NC
Community One Bank
(704) 857-1176
1938 Jake Alexander Blvd. West
Salisbury, NC
Crisp, Summerville & Co.
(704) 868-2323
1422 Burtonwood Drive
Gastonia, NC
Mauney-Pitt Financial Management
(704) 481-0101
310-2 E. Graham St.
Shelby, NC
McMahan & Associates, Inc.
(704) 865-2900
1209 E. Garrison Blvd.
Gastonia, NC
Retirement Plan Services, Inc.
919-816-0221 ext. 30
535 Keisler Drive
Cary, NC
Charles L. Graeber, II - Sales Agent
(704) 633-2033
225 N. Main St., Suite 308
Salisbury, NC
Paschall & Associates
(704) 866-0294 Ext:108
1552-F Union Rd.
Gastonia, NC
AXA Advisors, LLC
336-812-8001
4000 Piedmont Parkway Suite 205
High Point, NC


2. Day Trading Overview

A trade of any financial instrument is considered a day trade if the trade is opened and closed within the same exchange trading period of one day. Profits and losses from these trades are considered short term and have no long-term investment type potential.

The reasons that a day trader opens and closes these day trades is usually technically oriented rather than from some business fundamental. This is a distinct difference between day trading and investment trading. Investment type trading can mean that the trade is open for weeks, months or years, before it is closed.

The SEC has very specific rules governing whether a trade is considered a day trade or just a regular trade. Ideal day trading is the ability to make significant profits quickly and keep the losses under control by closing losing trades as soon as possible and win or lose to close the trade before the end of the trading day.

3. What are the Exchange Rules

A day trader must have a balance of $25,000 to start in his stock account to become a legal day trader. This is not the case in the commodities markets and the futures broker sets the rules basically. This is a useful advantage for traders of stock indexes. The futures brokers can extend courtesies to experienced clients, as they know these traders are quick to bail out of a losing position.

A single day trade does not a day trader make. It is the continuing use of this method of trading that makes a client become classified as a day trader. The margin rules are relaxed for a day trader as the exchanges know these traders will not overstay a losing position Therefore they are not held to the 50% margin rule and are allowed to day trade at a margin rate of 25%. This margin rule allows for taking larger positions in hopes of gaining quicker profits due to their greater trade size. Margin percentage is figured against the overall value of the opening trade. A $100,000 value would require only $25,000 margin.

4. Investor Education

Education of an investor or a day trader takes time and is a never-ending lifetime exercise of learned experiences. Reading about trading or investing can speed up the process, but it has to be coupled with real time experience to make it work. Another way and an excellent one is to get taken under the wing of a knowledgeable trader who is successful. If you are lucky enough to do this, then you are many steps in front of someone who has to learn all the moves by themselves.

In the old days, there were few books on the subject and no Internet to discover what was available to study. Today the Internet has numerous sites and aids for people who want to learn how to trade. There are brokerage sites that not only will help with the learning curve, but also offer software to draw charts and run technical studies. Some specialize in day trading of stocks or futures or the Forex exchange for currencies

There are numerous sites with chat rooms and discussion groups on all aspects of trading. These are excellent learning sites as some of the participants are leading the discussions as a way of paying back the stuff they had to learn the hard way. Checking out Internet sites for learning help, is worth the effort as some of these chat rooms are meeting places for some really good trading minds.

These free lessons not only will help with learning to trade better, but lead a new person to books and discussions people pay good money for to attend a seminar. . Some traders will even show the genesis of a trade and how they managed if so they could protect them selves as well as turn a profit.

5. Featured Local Company

Victory Wealth Management

(704) 857-4924
565 Bradshaw Road
Mount Ulla, NC
http://victorywmi.com

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