Does anyone know how to consistently win doing daytrading with stocks?

How good are you at drawing support/resistance and trend lines. If you are good at that, you will see price bounce off of them consistently. For me, that is the key to speculative trading. If you haven't done it yet, spend a few weeks just drawing these lines until you get really good at it.
 
To win in the intraday you have to be superhuman. 5% of the winners may be high frequency machines. It is the holy grail. So eager, so unreachable. Winning a few times does not mean anything, how hard is the consistency. Someone has succeeded?
 
cafeole said:
How good are you at drawing support/resistance and trend lines. If you are good at that, you will see price bounce off of them consistently. For me, that is the key to speculative trading. If you haven't done it yet, spend a few weeks just drawing these lines until you get really good at it.
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Agree overall, but it probably will take a few years rather than a few weeks...
 
qxr1011 said:
Agree overall, but it probably will take a few years rather than a few weeks...
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You are probably right. I should have said "Do this until you get really good at it no matter how long it takes."
 
TTT said:
Wanting to win in the intraday is stupid, I know. But it is the registration of honor.
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I don't agree. It is a personality thing. Everyone has a comfort zone on how they trade. For me, I couldn't sleep at night holding on to a position, but I have no problem sitting at the computer for an intraday setup.
 
TTT said:
Wanting to win in the intraday is stupid, I know. But it is the registration of honor.
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honor what honor? intraday is for the cowards who can sleep on positions.

how big are you gonna do it in 10, 20, 30 years? it's a marathon and you might as well get the long game going right now.. can't intraday $Ms anyway.
 
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