I assume you didn't understand the question. hahaha
The secret of daytrading
- Thread starter TTT
- Start date
"
You know the difference between some who trades daily vs traditional day trading?"
what is the difference?
Google it ...
The rules adopt the term "pattern day trader," which includes any margin customer that day trades (buys then sells or sells short then buys the same security on the same day) four or more times in five business days, provided the number of daytrades are more than six percent of the customer's total trading activity. Most flatten trades end of day.
FYI Not all daily traders follow pattern day trader rules ...
What's your point? Many don't know the difference...
For most on ET that is the best solution as they will never be able to be profitable as a daytrader. And better for their ego that is hurt severly. Nobody wants the stamp "failed" on his head. So better for their ego to deny that daytrading can be profitable, and that in fact you are not a loser because of that denial.
Only the happy few can be profitable as daytrader.
Seriously though, if you ran a forward test using the coin with even bet sizing, and just put a stop loss at high/low of first hour and set exit on close, I wouldn't be surprised if it outperformed 99.99% of intraday traders.
Know where your price is compared to S/R. Know where the progams are heavy. You can even trade the noise if you know what your bias is.
/es
/es
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