This will have no effect on most people. However, most of these strategies are AWESOME to do in the OPPOSITE direction. You just have to get used to the idea that you might not make money every day.
Additionally, you have to be psychologically ready to accept the fact that you will in all likelihood lose money much of the time. You have to love to see small reds. And be disappointed by HUGE RIDICULOUSLY UNNATURAL greens that wiped all your reds away.
Do an exercise. Determine to yourself that you will lose your starting capital slowly but surely over 360 days. You do this by calculating that if you could simply lose 200 dollars everyday making 20 trades that lose 10 dollars each, you'd be set! If you lose 200 in a day, STOP! You achieved your GOAL, CHAMP!
NEVER ACCEPT A PROFIT. IF YOU SEE A PROFIT! TRADE YOURSELF OUT OF IT! YOU'RE TOO MUCH OF A GENIUS TO LET THIS HAPPEN TO YOU. YOU ARE INDEED THE ONLY DAYTRADER IN EXISTENCE THAT IS SMART ENOUGH TO HAVE THE ONE EDGE THAT WILL LOSE YOU MILLIONS!!! YOU CAN DO IT! CHIP AWAY 10 dollars at a time. Once you start to chip 200 of your capital a day (consistently for about 20 days) you can always LEVERAGE IT UP. remember.. NEVER EVER take a winner. Only winners do that. Be keen in taking your losers quickly though. Don't want to lose your losing position now.
