Can you all please advice on this subject. Could you please tell or shed some light on how to become a day trader. What to do, who to register with and how to go about it. Thanks

Hi Everyone, I'm new to all this and I have found this thread both interesting and honest. Dead Cat Bounce mentioned a right and wrong
time of day to trade. Would someone please explain this to me.

Chrissie, I must admit I would be interested to know the right and wrong time of day to trade explanation.

I may have been trading for the last 20+ years, but most of what I've learn't has been the hard way - or since this site started up!!!

Personally I don't trade when the market opens. That's because the spreads are too large. Some spreads narrow quickly others take longer, so I do most of my trades usually in the hour & a half, starting about 30 min after the market opens. I try not to trade after that, but will occassionally trade in the last 30 min the market is open.

I also use limit orders a lot. This way I don't have to watch the market, and try and pick the best time to trade. I set them to buy or sell at a price I am happy with. I always do 4 times the number of buy trades that I want, because I lot of them will not go through. But if they do, then I buy at the price I want. Sell limit orders are based on the profit I am looking to make. Again, they go through if the price reachs my price!