What equipment do I need to get into day trading?

Episode 1569 (12:21)

Andy from LaHabra, CA
Flash Boys

Andy is thinking about getting into day trading. What does Leo think? Leo says to read FLASHBOYS. Trading is now an automated, high volume business, and trades are happening in milliseconds, often before anyone at the NYSE knows what's happening. That is the competition. And it's really easy to lose a shirt in day trading, as you get leveraged buying stock on margin.

He'll need a very powerful computer, but any laptop can do basic day trading. It's quite an investment. He'll also need software and a subscription to wall street's feed.