Chapter 3
Signing Up for Asset Classes
IN THIS CHAPTER
Finding good assets for day trading
Seeking securities to trade
Counting cash and currency
Making money from mundane commodities
Deriving profits from derivatives
It’s one thing to day trade, but what are you going to trade? Stocks, pork bellies, or hockey cards? You have myriad choices, but you have to choose so that you can learn the market, know what changes to expect, and make your trades accordingly.
Although it may be tempting, you can’t trade everything. There are only so many hours in a day and only so many ideas you can hold in your head at any one time. Furthermore, some trading strategies lend themselves better to certain types of assets than others. By learning more about all the various investment assets available to a day trader, you can make better decisions about what you want to trade and how you want to trade it.
What Makes a Good Day Trading Asset?
In academic terms, the universe of investable assets includes ...
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