You should be prepared to lose all of the funds that you use for day trading. In, particular, you should not fund any day trading activities retirement savings, student loans, second mortgages, emergency funds, funds set aside for purposes such as education or home ownership, or funds required to meet your living expenses. Be cautious of claims of large profit from day trading. You should be wary of advertisements or other statements that emphasize the potential for large profits in day trading. Day trading can also lead to large and immediate financial loss.
Day trading requires knowledge of securities markets.
Day trading requires in depth knowledge of the securities markets and trading techniques and strategies. In attempting to profit through day trading, you must compete with professional, licensed traders employed by security firms. You should have appropriate experience before engaging in day trading. Day trading requires knowledge of firm's operations. You should be familiar with securities firm's business practices, including the operation of the firm s order execution systems and procedures.