The secret of daytrading

[geth03]

then be an Investor. enter and Exit daily very rapidly at any market and call yourself a daytrader

 

[TTT]

Thank you very much to all. You are the best

 

[JSOP]

Does anyone know the secret of daytrading?

Yes I do and unlike @speedo, I can even tell you but I am gonna have to kill you afterwards so it remains a secret.

 

[Lee-]

here is Warren Buffets 2 rules but you can use them as your Secrets:

Rule No.1 : Never lose Money.
Rule No. 2: Never Forget rule no 1.

These rules can be most easily applied if you keep the following in mind: "losses don't count if you don't realize them".

 

[TTT]

?

 

[deaddog]

These rules can be most easily applied if you keep the following in mind: "losses don't count if you don't realize them".

That's how traders go broke never taking a loss.

 

[SunTrader]

Anybody who "never loses money" is not a trader.

That would be Buffett of course.

He never loses money ..... because he's in the money printing business. AKA License to Steal, AKA Insurance Biz.

So the "secret" is buy an Insurance company ... if you can find one for sale.

 

[southall]

Thread title reminded me of this book i read back in 2000.

There were no secrets given away in the book either.

 

[maxinger]

The secret is all in the chart actually.

The ability to distinguish between

1. organised, nice looking, clear chart

2. disorganised, messy, jerky, spiky, erratic, violent chart

is very important.

For the first chart, very easy to earn money.
So better trade as much as you can.

For the 2nd chart, very easy to loose money.
So better don't trade at all.

 

[777]

There are two secret rules to winning big every day:

1. Never tell all your secrets.