Daytrading only by reading the newspaper

jahan

Well-Known Member
#2
Can day trading be done only by reading newspapers and without any technical analysis?
Hello,

So.....,sorry u can't........

Day Trading is toughest Style of Business, in Trading Arena, u can't trade just by Reading newspaper and Watching Tv .....see other than this its require lot of other Skills like ...Money/Risk Management,Selecting stocks to trade, Trading Plan,Strategy of Trading....Above All u need Psychology of understanding Markets and controlling ur emotions while Trading...etc....etc the list is long

Regrads,
 

manishchan

Well-Known Member
#3
That will be like.. Want to be an olympic champion just by looking at some kids swim in the pond behind my house... :D lol

Nevermind.. all I am trying to say is that it takes a lot more than reading newspaper (which by the way carries 1 day old news). You need to obseverse how the kids manage to float.. what strategies they follow to move againts the current... how they move their hands and feet... how they manage to breath ... and last how they continue to move forward without looking back..

Daytrading is something like that. You need to be good observant of the market... Need to know the technicals... Need to follow strategies/ideas.. use tools... manage your capital.. and have currage to learn and move forward despite losses/profit (fear/greed)..!

All the best !!
 

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