The secret of daytrading

schizo said:
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.
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Well that’s right. Also, I think a good research before starting to trade helps too.
 
“There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” Jack D. Schwager
 
There are many ways to trade a market, stocks, options, futures,currencies, bitcoin and many more but the best way is to buy low and sell high, or sell high and buy low always works, unless you screw up.
 
there is no secret.

you need to have passion. you need to be very hard working.

if you think day trading requires very very very simple basic skill like
toilet cleaning / dish washing / street cleaning / shit cleaning, then day trading is absolutely not for you.
 
actually there is a secret.

Always predict human behaviour, not market direction.
Because humans are humans and their actions are rather predictable.
 
ethical trading is important as well. a rule based trader may discover that its good to spam social networks with fake news whilst it trades. she doesnt have common sense so it makes unethical subgoals to reach the master goal
GuerrillaTrading said:
“There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” Jack D. Schwager
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its significantly better defined than people realise though. it's very early days.
 
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