Just a faster version of the game. real time data, real time analysis, discipline, clarity in action.
Needs lots of hardwork to create a system if you are a system trader. (spent more than "seven months * 14 hours a day" doing nothing other than restructuring a system .....many of my friends in this forum are aware of this)
still I feel its easiest mode of the business.
in fact I have immense fear of swing OR longterm trading just like people do fear daytrading.
Needs lots of hardwork to create a system if you are a system trader. (spent more than "seven months * 14 hours a day" doing nothing other than restructuring a system .....many of my friends in this forum are aware of this)
still I feel its easiest mode of the business.
in fact I have immense fear of swing OR longterm trading just like people do fear daytrading.
What I really like about day trading is that it lets you know of your inefficiencies very fast. I have seen people swing trading on fancy and last for a year in the market. But when a daytrader is wrong he will find it harder to survive more than a couple of months. An active daytrader's equity curve lives in two month what a swing trader's curve may live in one year. I have'nt carried a single position overnight through more than two years now. Also never used any of the 'popular' indicators except one- bollinger bands
Why most find daytrading difficult is because of the disciplinary part. IMO it is easier than swing trading in the sense that reality dawns faster- really fast!