What to Look for in a Day Trader Account
Successful day trading depends on strategy, research and the right day trader account. Without the latter, it doesn’t matter how skilled you are at the first two elements. Ordinary brokerage firms are not designed with the needs of the high volume day trader in mind. SureTrader’s state-of-the-art platform includes everything you need in a day trader account, including essential real-time, up to the second market data.
Speed and Service
Making money day trading depends on lightning fast executions and top customer service. SureTrader excels in both. Our professional customer service representatives are available to answer questions and help clients by phone, email, chat or Skype. Because SureTrader provides pre-and-post marketing trading options, you can react to events shaping the markets even when the markets are closed. Since no two day traders are the same, you need a day trader account with a customized view of the market to fit your particular day trading style.
Practice, Practice, Practice
If you’re not an experienced day trader, you need to find a day trader account that allows you to learn to trade virtually before spending money. Day trading is not a matter of luck, but of skill and knowledge. SureTrader’s $100K free pro demo account allows you to track markets with technical indicators and make paper trades. Learn the business of day trading and calculate what type of strategy works for you before entering the real world of day trading. Using the Kelly criterion before you start actual trading, you can figure your chances of success. Basically, it’s a method of working out the amount of money you can risk on any new trading position based on your history with similar past trades.
Short Stock Offerings
Access to more stocks means greater day trading opportunities. No brokerage provides more short symbols than SureTrader – 10,000+ shortlist. The SureTrader Active Online Trading program instantaneously informs clients whether or not a stock is shortable or if there are restrictions.
Increased Access to Leverage
Used wisely, leverage is the key to successful day trading, and a crucial element of any day trader account. SureTrader offers 6:1 leverage on intraday trades, from the hours of 9 a.m. to 3:30 p.m. EST. SureTrader also provide discount margin interest rates, amongst the most competitive of loan options. As noted, there is risk to leverage, but experienced day traders can use that additional buying power to gain the positions they desire.
You don’t want to spend your entire life changed to your desktop while trading. A day trader account with a free mobile app allows you to trade anywhere via your smartphone. SureTrader clients can use this app with any smartphone. It’s simply a matter of downloading the app from iTunes.
Look for low trading fees and competitive rates for other services in a day trader account. SureTrader offers prices as low as one penny per share, with a $4.95 minimum. Option trade commissions are just $4.95 plus .050 per contract. SureTrader doesn’t require account minimums.
If you’re looking for a day trader account, look no further than SureTrader.