very dangerous bro
very hard to do that in our dead water share market

Bill
If you have a very good forecasting formula I think it is possible.
But if your formula is very good why you only want to do  intraday
why not extend it to 3 days and make more profit..
To really know the result you have to tried it out.
BRgds

true true, our KLSE is dead stale right now. those artificial trading on call warrants and mesdaq help to push up the volume, even though it is still on the ugly side to say the least. yeah, stock exchange would love us the day trader .

... without us, the volume could be under 300 million? ha ha ... joking

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Added on September 17, 2010, 12:53 amlately made few ringgit through a little 'theory'. this applied correctly to ioi, sime, uemland. next shd be gamuda .. and monday morning shall be clearer, after 8.45 am...hope i am right again ....

i do not do intraday
but i do bi-day trading
almost everyday
today buy tomorrow sell

treat daytrade as your "fun short-term sideline income"
other than day-trade, "serious  long-term mainstream income"

treat daytrade as your "fun short-term sideline income"
other than day-trade, "serious  long-term mainstream income"

Not exactly, this is where we see whether the counters you have chosen are resilient enough for you to use them as your income generators for retirement. When the economy is bad, we can see how far/much the counter reduces the dividend payout.

And then this is where your asset allocation strategy will come in and whether you have diversified enough or correctly to ensure you are still getting a certain percentage of the dividends vs the time when the economy was good.

The recent 2008/9 has been a good time to observe which were the counters that were resilient in their dividend payouts.

Anyway, good counters will still maintain their dividend payouts even in downturn times, no sweat. Furthermore, if economy is bad, everything also goes down, expenses, other asset classes, etc. Hence, all will go down together, it will sort of balances up.

Do u mind from where can I check which stock epf acquire. If news paper what news paper and is there a column for that.

Thanks....

For me, good capital to do day trade or T+3 trade is RM50K -100K.
If have more capital better.

With just 1 tick price jump, the profits can be about RM100++..
Sometimes, 1 tick price jump, profits is abt 1K for penny stocks  coz can buy many units:hehe:

Normally i'll divide the capital for 2/3 different entry price for the T+3 days if the stock price already surged earlier. Will buy in stages in case the price goes down abit the following days.
If very confident the stock will rebound and its price at oversold stage, normally i will max out to invest as chance to get profit is much higher.

Cash out when hit the selling price ard 3-5%. If the buyers is very strong.. i will leave it profit roll and sell on the T+2 days /T +3 days..

Eg.. invest 100K..
Profit 3-5K. 

Or invest 50K
Profit 1.5K - 2.5K 

Sometimes if the counter invested is performing very well... 8-10 % profit is possible. 
Cheers,
viper88