Day trading is losers game
- Thread starter oilfxpro
- Start date
I've been a professional stock day trader for a little over 4 years now. There's definitely a long learning curve involved, but it's far from impossible.
The best advice I can give to those starting out is to find a mentor. Too many traders make things too complicated and are looking for the holy grail. A successful trader can help you avoid the common beginner's mistakes and shorten your learning curve tremendously.
The best advice I can give to those starting out is to find a mentor. Too many traders make things too complicated and are looking for the holy grail. A successful trader can help you avoid the common beginner's mistakes and shorten your learning curve tremendously.
My daytrading is exactly same successfull how my swingtrading, and i am very successfull, i make money on 9 of 10 trades.
Believe it or not, but its a fact.
But my swing trading is much more stressless than daytrading, because what i can make with one swingtrade in 1 - 4 days, i would need 3-4 daytrades or more, depending on the daytrading setup.
And its more stressy to wait and hit exactly the daytrade setup, its more likely to miss more setups, while its totally easy with swingtrading.
I often play around within my swingtrading setups and trade them as daytrades or some mix of them, because the price always move in cycles, so often i only switch around and seek for the best and nearest in time - next move............
What for you might be a daytrade, is for me just a cycle on a lower time frame of a swingtrade.
Fazit:
Daytrading have the same success level as Swingtrading, if you have statistics to prove this fact and you are mentally able to follow this rules to create some real time statistics from that.
The only difference is the time..........
Believe it or not, but its a fact.
But my swing trading is much more stressless than daytrading, because what i can make with one swingtrade in 1 - 4 days, i would need 3-4 daytrades or more, depending on the daytrading setup.
And its more stressy to wait and hit exactly the daytrade setup, its more likely to miss more setups, while its totally easy with swingtrading.
I often play around within my swingtrading setups and trade them as daytrades or some mix of them, because the price always move in cycles, so often i only switch around and seek for the best and nearest in time - next move............
What for you might be a daytrade, is for me just a cycle on a lower time frame of a swingtrade.
Fazit:
Daytrading have the same success level as Swingtrading, if you have statistics to prove this fact and you are mentally able to follow this rules to create some real time statistics from that.
The only difference is the time..........
Forex: 10 - 20 lots on average daytrade profit of 80pips.
Divided up on several brokers, all retail.
I will never move the market with my daytrading, not even when i will soon start to trade on the real fx market.
There are many options to be consistently profitable in trading, many techniques, styles and approaches that do make money, but there is only one winning mindset.
Unfortunately when the proper mindset is not present the trader quickly blames the technique because he has no idea about that utmost important pre-requisite.
Unfortunately when the proper mindset is not present the trader quickly blames the technique because he has no idea about that utmost important pre-requisite.
Sorry i dont trade stocks.
I will never trade one stock in my whole life, as long there is the real ***** out there.
20 lots in FX is equal to 2,000,000. If you daytrade a Dow30 Stock, with 2,000,000 do you move the market ?
Maybe only at pennystocks ???
I dont know and i dont care.
I dont want insult anyone, but in my opinion only retarded monkeys from yesterday trade stocks. Except futures on stocks, might be ok.
Only the markets with the most volume and the less trading breaks in time are the real money places, thats where money never sleeps.
Forex OTC and futures on commodities, thats the real deal.
But what do i know, i am just a troll.
LOL
