Why am i better at day trading?

That's great!

Usually on demo they don't deduct the commissions, they want you to get hooked on their platform and love it for free! haha

Good luck!

MrWallStreet
 
I shot a 4 under par on my X-box Tiger Woods PGA game.

Why did the PGA hang up on me when i asked them to let me in on the tour after 2 days of stellar results on the game?
 
i'm a much better daytrader than i am swing trader. i can teach others the swing part, but i don't have the discipline to maintain the positions and let my winners run far enough.

and i know others who can swing trade well, but aren't very good at daytrading.

i know how much risk i can take on intraday trades, and most of the time, there won't be an oddball event / halt to screw up my risk. overnight / a few days, obviously, the risk ratio changes.

so, yes, it's possible to make more money daytrading than swing trading. all depends on the person.
 
Quote from MrWallStreet:

Kiddo, your profits are great, but when you go real, your commissions will eat your lunch.

Be mindful of the stuff you read on these forums, when someone gives away some system for free, I'd say 100% of the time they're junk.

In this business, you've gotta either spend years developing your systems, taking hard knocks,

Or...

You've gotta steal a system from a millionaire on Wall Street.

I spent about 6 years learning stuff the hard way, then I got lucky to find a friend in the business who helped me out,

I can give you some hints into my holy grail, but hey, can't give ya everything :)

Email me at NYChotshot@gmail.com for some aid,

There's something in my heart for helping newbies, we've all been there before.

MrWallStreet
More...

Same NYCHotshot form IHUB?
 
trading with real money is far different from paper trading..real money revolves around emotion whereas paper trading does not..trust me on this.. start trading with real money but keep your size small.
 
You're a Natural Born Day Trader...

To be a successful trader, half the battle is finding out the true you hidden in the midst of noize.
 
Quote from cashmoney69:

I've been day trading (paper money) for about two weeks now with Cobratrading, but only for the past 4 days started tracking the results.
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Before you get ahead of yourself, here is a dose of reality. Forget the emotion part for now.

You do not have the slightest idea of what slippage is like in live intraday trading of stocks. You are fighting against computers for fills, as well as hundreds of panicky daytraders. The slippage will turn winners into scratches, scratches into losses and losses into hits. You won't get filled properly on great set ups quite often, which will sometimes cause you to be stopped out when on paper it should have been a great trade.

Even with 100 shares, you will feel this. Now imagine doing it with 1000 share lots.

And then extrapolate these issues into how much they will amplify your emotions.

Paper trading is a world away from real trading. That's why paper trading results mean jack sh*t. Paper trading is for brainstorming methodologies, trading strategies and rules. It's like warm up before the match.
 
Quote from Hydroblunt:


Even with 100 shares, you will feel this. Now imagine doing it with 1000 share lots.

And then extrapolate these issues into how much they will amplify your emotions.

B]
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So whats the trick?

and yes, even on the demo I feel slippage on a 200 share trade.. 100 goes off, then the next 100 .02 higher or more depending on the volatility. But I dont scalp, so a good trade to me is .50+...again depending on the stock.

cm
 
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