Swing trading is the best i feel. Intraday mistakes can eat into your account + fees. Mostly the prices are random and dont move that much in intraday.
Intraday or long term
- Thread starter trader1974
- Start date
eh? who makes that?? you?
He can make $85 on a $100 option (occasionally), not $850K on a $1M account in 5 days.
When someone talks about making 85% in 5 days then obviously it can’t have anything to do with people discussing long-term returns on full accounts.
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What if you can filter out the noise and find the 10%?
For me swing trading (1-15 days) seems to offer highest potential. This also seems to be the approach fan27 is taking.
Warren Buffet couldn’t repeat today what he’s done many years ago. Now there are thousands of Warren Buffetts and Jesse Livermores but the whole trading and investing landscape has changed.
Warren Buffet couldn’t repeat today what he’s done many years ago. Now there are thousands of Warren Buffetts and Jesse Livermores but the whole trading and investing landscape has changed.
well that's kinda what I meant, only trade intraday when you spot a day that the open is obviously wrong and the direction is certain.
'filter' is a semi-accurate word to me... for me it's more like seeing a story unfolding and once in a while e.g. you get a news story that puts the open in an obviously wrong place.... it's more like a logical deduction type of thing..
dude sounds like your trading is really getting up there... no more need for the rich widow?
that's kinda the breathing rhythm the market takes to unfold short to mid term stories.. narratives don't change intraday... that's why intraday does not make sense.
I have never mastered it, but one thing is for sure. You should look at the trend in higher time frames and never negotiate against the trend.
Heiken ashi candles can help determine the general trend.