any daytraders out there

[Free Thinker]

Quote from DHOHHI:



Nothing wrong with the short side ... to only play the long side is incredibly limiting IMO.

agree if you find a good short setup but this market is a mostly long market right now but that could change at any time.

 

[lindq]

Quote from vhehn:

i dont think there is much value added by being a scalper in this market. its more about finding the correct sector and getting long and staying long most of day.

Two years ago I moved from primarily daytrading to exclusively position trading, holding on average 2-3 days for winners, and 4-5 days for any losing trades.

I have quadrupled my income. In the past 90 days my trades have netted 87%. I sleep well at night with no stress during the day.

To make this move, you will need to learn PATIENCE. You can't expect to enjoy the many 1, 2 and 3 point moves that are available to you every day if you sit and watch 1 and 5 minute charts and let yourself be happy with fractional moves.