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Is Daytrading dangerous?

Discuss Is Daytrading dangerous? at the Risk & Money Management within the Traderji.com; The time frame which you are saying hardly matters in share trading.Good analysis is required ...


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  #351  
Old 9th May 2011, 11:29 AM
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Default Re: Is Daytrading dangerous?

The time frame which you are saying hardly matters in share trading.Good analysis is required before Investing .This is what ultimate goal.Intraday tips are given in many sites like hionstocks,moneycontrol etc.
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  #352  
Old 1st October 2013, 08:29 PM
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Default Re: Is Daytrading dangerous?

daytrading, scalping, hedging can be danger for us if we lack anything knowledge about forex....
Each Open position need to be controlled...
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  #353  
Old 5th October 2013, 01:00 PM
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Default Re: Is Daytrading dangerous?

Day trading is simple and effective. It is the traders who makes it complicate, when they have losing trade.

When they have:
First losing trade they become sad.

Second losing trade they become frustrated and lose patience.

Third losing trade they become nervous and enter a blind position.

Fourth losing trade they become totally lost.

But if you have be trading with effective stop-loss technique the loss would be minimal and u can recover it in the Fifth trade and move on.(Track your performance on Weekly or Monthly basis rather than trade to trade or daily basis)

Don't worry about the price it is moving now. Concentrate on chart(Buy at support and Sell at resistance) and news(to guess the momentum of the market)

When market opens give some time to settle and enter position along with chart movement.
While entering position be patient and feel soft.

All the Best
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  #354  
Old 5th October 2013, 01:16 PM
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Default Re: Is Daytrading dangerous?

Can day trading be done on instinct or it is to be studied carefully
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  #355  
Old 5th October 2013, 01:29 PM
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Default Re: Is Daytrading dangerous?

Quote:
Originally Posted by desiwarrenbuffet View Post
Can day trading be done on instinct or it is to be studied carefully
Yes. Instinct is necessary to improve your winning percentage. But what you do to develop that instinct is to make decision is important.

1. Chart pattern(Buy at support and Sell at Resistance)
2. News(to determine momentum)
3. Stop-Loss(Don't forget this)
All the Best
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  #356  
Old 5th October 2013, 03:59 PM
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Default Re: Is Daytrading dangerous?

Day trading is very dangerous that's why i love day trading
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  #357  
Old 5th October 2013, 04:02 PM
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Default Re: Is Daytrading dangerous?

Quote:
Originally Posted by mohideen171 View Post
Yes. Instinct is necessary to improve your winning percentage. But what you do to develop that instinct is to make decision is important.

1. Chart pattern(Buy at support and Sell at Resistance)
2. News(to determine momentum)
3. Stop-Loss(Don't forget this)
All the Best
Yes. U r right. Buy at support & sell at resistance plus stop-loss is the simplest and universal strategy of all trading including Day trading. Thank you.
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  #358  
Old 31st March 2016, 03:35 PM
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Default Re: Is Daytrading dangerous?

Hello People,
It rather depends on what you mean by 'safe'. Day trading may not suit many individuals, who over the long term would probably get better returns from an index tracker. If on the other hand, a trader can make consistent profits from day trading, then it could be viewed as 'safer' than long term buy and hold. Day trading for beginners is like taming a lion, except more expensive. It's a risky and challenging pursuit: buying stocks and selling them again in the same day, making money off tiny fluctuations in the price of a stock over a six-hour period. For many years the tools of day trading were not available to the average investor. Today with high-speed Internet connections and a lot of nerve, anybody can day trade. If you have a stout heart, here's what you can do to avoid common and costly mistakes. Keep in mind:
1. Develop a business plan.
2. Create a trading plan.
3. Anticipate losses.
4. Expect the unexpected.
5. Practice trading.
6. Stick to your trading strategy.
7. Stay on top of the news.
8. Adapt to changing markets.
9. Remember that "hope" is not a trading strategy.
10. Use a stop-loss with every order.
11. Use limit orders.
12. Avoid "chasing" stocks.
Happy Trading
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  #359  
Old 15th April 2016, 05:12 PM
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Default Re: Is Daytrading dangerous?

As per the experts definition, day traders are those investors who makes rapid trades and then tends to close them at every day end. Some of them uses leverages too but i guess using high leverages may leads to higher damages if you are not familiar to the market volatility. So day trading is good to make some extra bucks but high leverage should be avoided.

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