>read about technical analysis
>read about fundamental analysis
>read about options
>read about futures
>read about forex
>read about macroeconomics
>read about microeconomics
>read about portfolio theory
>read about behavioral finance
>read about business management
>read about value investing
>read about growth investing
>read about momentum trading
BUT HOW THE FUCK DO YOU TIME YOUR TRADES AND MAKE 50 TO 500% IN ONE DAY??????????
None of those have much to do with day trading.
Day trading timing involves a set up, a trigger and an exit. Exit is usually end of day. The set up are certain pre-defined conditions that will get you looking closer at a particular trade, and the trigger is a pre-defined event (often involving movimg averages) that means you execute.
There are many different strategies that use the set up and trigger. Read a book.
>BUT HOW THE FUCK DO YOU TIME YOUR TRADES AND MAKE 50 TO 500% IN ONE DAY??????????
haha - you don't generally....
unless you've managed to find something others haven't seen (or at least sufficient others haven't seen to the point where it still represents a big edge for you) then it isn't going to happen (other than through sheer luck from essentially treating the markets like a casino and placing a silly bet)
for example - the two hedge fund bros featured in the movie the big short - they achieved something like this early on through trading options contracts that they felt were massively miss-priced around certain events
Lawrie Inman at Marex made a big bet in bobl futures during a speech by Trichet - he immediately reacted to Trichet saying the word 'vigilance' and got into a massive long position... fact is central bankers do carefully chose their words and their speeches do move markets... however more market participants are aware of this and there is more competition around it - what might have been done by a human some years ago can be done more efficiently by an algo using natural language processing + machine readable news or speech processing.
basically what you're asking is how do you find a huge edge that will make you extremely rich - anyone who knew the answer to that would be trading said edge and making themselves extremely rich and not telling you about it.... fact is such opportunities are by default going to be hard to find... not everyone gets to be rich
you don't. investing and trading is a gamble regardless of what anyone says. some gambles have better odds than others. fundamental analysis and buy/hold strategy is low risk. day trading and snake oil chart patterns are very high risk.
in all honesty, read "cold hard truth" by kevin o'leary. to some people this might seem stupid, but his proposal as to how to deal with money is nothing short of profound. no equations, no hard facts, nothing of this crap. he takes a kind of esoterical approach to trading and i can guess that this is the last essence you need.
>Isn't this about high frequency day trading, they are literally taking advantage of latency in the markets on the order of micro and milliseconds, they can also afford the huge fat pipes and fancy programmers?
not necessarily - in the case of replacing 'locals' or 'day traders' like Inman then yeah the HFT guys are basically eating their lunch... or at least they've taken away most of the more obvious edges these locals used to rely on to make a living
but the existence of HFT doesn't mean you can't find a huge edge (in theory at least) often financial instruments are sort of efficient relative to each other... but if you were to find say a way of predicting NFP data that was more reliable than anyone else's attempts maybe you could find situations where you've got a huge edge - especially where the rest of the market expects something much different than your prediction
still it is rather unlikely that most people would be able to find such an edge
You get "information" from a friend of a friend from this company who knows what is going on at this company, while passing along the information to your friend. Institutional day traders do this everyday. The basement traders always lose out because they don't have insider information. The SEC is shit, and everyone knows it.