The secret of daytrading

[GotherL]

For me to win I need a donator. Work on your discipline first and donate to my precise entry. Al day long. Pride is a sin BTW.

Better to donate to me. I wouldn't say I know the secrets of daytrading but I just know what the top daytraders are doing and take it up a notch.

 

[TTT]

What are they using Gotherl?

 

[TTT]

Interesting

 

[KAISER]

consistency and discipline

 

[viruscore1]

The secret of day trading. IT was created by brokers , backed up by exchanges, to rip off stupid people.

 

[maxinger]

secret of day traders : They aim for 50 to 60% trading accuracy

Known fact of trading coaches : They aim for > 90% trading accuracy

Known fact of archers, surgeons : They aim for 100% accuracy / success rate

 

[schizo]

You only need to know two things:
1) Know when/where to enter
2) Know when/where to exit.

It might sound too simplistic to the noobies. But, in time, you too will understand.

 

[SimpleMeLike]

You only need to know two things:
1) Know when/where to enter
2) Know when/where to exit.

It might sound too simplistic to the noobies. But, in time, you too will understand.

schizo,

This is very true and I agree. Knowing when/where to enter. knowing when/where to exit is all that matters.

 

[Mnewton]

How do you make $300 to $500 or more a day?
That's 1000 shares to make 50 cents say.
Or 100 shares to trade 10 times in a day commissions could kill you.
Better 200 shares 5 times and make 40 cents for $80 x5.
A $5 stock x 1000 is a $5000 trade or x 200 is a $1000 trade.
You need a stock thats moving and has volume.
Watch level 2 see whats on Bid and Ask.
See how volume is increasing.Set alerts.
Buy at support sell at resistance.
If you have margin then the reverse for shorting.

 

[ironchef]

How do you make $300 to $500 or more a day?
That's 1000 shares to make 50 cents say.
Or 100 shares to trade 10 times in a day commissions could kill you.

You forgot, nowadays you can trade commission free from any brokerage.