You're allowed to say it, because you're called "Nooby McNoob" (though frankly, I suspect you're starting to outlive your own username) ...
How much one can earn daily in intraday trading?
- Thread starter anniecalvert
- Start date
You're allowed to say it, because you're called "Nooby McNoob" (though frankly, I suspect you're starting to outlive your own username) ...
You're allowed to say it, because you're called "Nooby McNoob" (though frankly, I suspect you're starting to outlive your own username) ...
<3 <3 <3
I like maintaining a beginner's mindset because then I'll learn faster
Noob 4 lyfe
anniecalvert: How much one can earn daily in intraday trading?
How much one can earn daily in intraday trading?
That would depend on how much capital a trader has, how good and/or how lucky they are at the moment, their risk tolerance and of course the market conditions.
The better question is how can a trader have a sustainable and increasing income rest for the rest of their life. Even they best traders on the planet will be under water at times, some times for weeks, months, or a year or more - It's just the reality of trading.
Be weary of any gambler or day trader that talks about how much they can make in a day and how they rarely ever have a losing day.
That would depend on how much capital a trader has, how good and/or how lucky they are at the moment, their risk tolerance and of course the market conditions.
The better question is how can a trader have a sustainable and increasing income rest for the rest of their life. Even they best traders on the planet will be under water at times, some times for weeks, months, or a year or more - It's just the reality of trading.
Be weary of any gambler or day trader that talks about how much they can make in a day and how they rarely ever have a losing day.
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Expert traders should follow their back tests and forward tests with trust not get nervous about a risk they fully accepted before a trade is taken.
What you describe is not the characteristic of an expert trader.
You're probably right...it's not a characteristic of an expert trader;
it's a characteristic of a discretionary trader.
What you mentioned and described is a systematic trader.
Discretionary traders are basically, in a sense, systematic traders...but with looser, open-minded, dynamic, bubblegum rubberband minds,
Everyone in the market, from day traders to longer term investors are nervous,....like as if they just had two or three servings of espresso.
It's kind of impossible to be truly calm in the market. This sentence reminds me of the Seinfeld episode called The Stock Tip...Jerry was a nervous wreck, while George made a killing.
Either way, I'm not too big on labels and technicalities...I just care about bottom line performance -- and I'm content with mine,
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If you trust your expectancy and you use sound money management, there really is no need to be nervous when placing trades even as a discretionary trader.
This is why discipline plays such an important role in this business, because the trader must learn to perform like a machine, because the machine can't do it all for you.
