Is there another term for intraday trader?
- Thread starter cashclay
- Start date
What's in a name?
Day trader is someone who pays for the lux vacation and dinners of the market maker and more. When the market maker sees he is losing him he throws a few pennies.
These market makers must think I lose a lot of money, they are throwing bunches of dollars to me every day again.
you won't find any books (at least books worth reading)
which should indicate to you the nature of this business - do it yourself
beauty of daytrading: you can not fool (yourself and others ) around for too long...so nobody left to write a book (and what for: to educate competitors?), and soon nobody will be left to read it
yes, that's why I say the old books are still good, you just need to speed them up a bit, but everybody is looking at the same thing, support/resistance, double tops, moving averages, etc.you won't find any books (at least books worth reading)
which should indicate to you the nature of this business - do it yourself
beauty of daytrading: you can not fool (yourself and others ) around for too long...so nobody left to write a book (and what for: to educate competitors?), and soon nobody will be left to read it
To OP,
You need to find a simple logical method, which doesn't use any of the above, as lets face it if they worked we'd all be millionaires.
Read a book and do the opposite in short!
Day Trader
"Day traders and intra-day traders are at the top of the risk spectrum"
If you are new to trading, you may consider cutting your teeth in longer time frames, i.e. swing trading. One must learn to walk before they can run...
Drill down Investopedia. Wealth of information.
"Day traders and intra-day traders are at the top of the risk spectrum"
If you are new to trading, you may consider cutting your teeth in longer time frames, i.e. swing trading. One must learn to walk before they can run...
Drill down Investopedia. Wealth of information.
100% a day????????
You do understand to accurately compare daytrade returns to position trader returns both have to be computed on an annual basis.
yes, that is why I say time is all important. The OP was asking for a search term to google. I simply suggested he read the old books and speed them up. Not much difference in technique between a long term position trader and a short term day trader other than how close to margin they trade.
now investing? that is a different matter. Like the man told me, "If you want to make money don't buy oil, buy an oil well."