Do you have any day trading advice? -

Hi,Do you know any strong and defensive stocks for either day trading and long term investingI know about ; exxon, procter and gamble, walmart, ge, WNR, HCBK, etc2. Have you been a day trader or pattern day trader?what stocks did you trade for day trading and did mostly profits3. Do you use your margin purchasing power or you mostly trade with your own cash, is the interest charge on the margin account too much?Please, I ll appreciate any input.THANK YOU VERY MUCH.

I ve seen many people fail at day trading and I think it s a well known fact that most do not succeed. Therefore understand that the odds are against you and you should never trade with money you can t afford to lose.If you still want to give it a go, begin by trading with an electronic simulator instead of real money. Ask your broker if they have one. If not, I know that there is a free one at http://www.NinjaTrader.com. You need a data feed, but if you re swing trading you can actually use Yahoo! data for free. Make sure you have a valid trading methodology and that you can trade it successfully by using a simulator for a long time before trading with real money. The longer, the better because a trend trading system may work for a few months while the market is trending, but then stop working when the market goes into consolidation and you find your trading account getting chopped up.

My advice(1) Don t day trade.(2) Never buy on margin(3) Never sell short

buy low sell high10 pointsdo not give your money to bernie madoff