Trading remotely from is the way many seasoned day traders apply their trade. Most who do this are either newbie’s to world of online stock trading or are very experienced professionals. If you are not a seasoned trader than you may want to look for a day trading firm that rents desk space to traders along with various tools of the trade such as news feeds and technical analysis. The reason I suggest this for a while is not because the online brokerage firm will make money from the volume and liquidity you create by virtue of their agreements with a clearing house or are self clearing, but because day traders are skilled enough to be profitable at the early stages of their careers.
From my years of trading for, and managing the online trading firms that were the pioneers of this industry, such as Broadway trading, Schonfeld Securities among others, and teaching their methodologies to new and experienced individuals I have found one thing to be true. One pair of eyes can not take the place of a hundred. When trading in a group atmosphere, the advantages for the new trader outweigh the possibility of trading with the herd mentality, and a disciplined trader usually can overcome that. A new trader can only monitor a limited number of stocks and still be able to catch any subtle moves that may indicate a possible trade. By having a group of individuals day trading together, one person may pick out a sector that may be in play, or another may see a stock that is about to reach a new high and alert others to this. If you realize that you very rarely if ever will select sell the highs and buy at the lows you can truly benefit from trading in a group. Even the best traders will occasionally ask opinions of their peers and many still use online chat rooms and IM’s to stay connected.