ok, we all can make money. i've backtested methods for every way of trading. intraday, swing, position. really good money can be made doing all of them. its all a matter of what you feel you are comfortable with. i've tried them all. intraday is very fast, and position trades are...
you have to play the fast solid trenders and you will have good returns. check out MED HSR GEX SIMC etc for examples. There are a million out there. if you play the ones that trickle up and down only a little in a day, swing trading is a waste of time
I would have mastered the discipline of trading early on and avoided wasting all the emotional moves that dropped my P&L. It took me 2 years to finally get past it. I trade like a robot now. It works. Learn it. It's the way to survive.
sooooooo .... what sort of average daily returns percentagewise are we getting out there for say the YM on CBOT ? anyone care to share ? Mine are all over the map and i give too much money to the brokers for commisions every day. thinking about giving up intraday and moving to other ways...
i used to think i could profit from day trading. i would have a great month or 2 or 3 and then go up on the contracts and a week of bad moves and back where i started. i dont see how many can be successful at it, ad i DO know the indicators. pick a high flying trender and swing trade. i...
swing is it. less stress. no instantaneous insanity. no shotgun decisions. you have time to analyze and set up your day ahead of time. i don't know any daytraders who can make 1 to 2% a day consistently over a long time. If you are one good for you. they usually blow out there...