Is Daytrading dangerous?

:rofl:

There is no free money. Every kind of trading has risk. Day trading has its own advantages and disadvantages.

Normally day trade is not possible by av Joe, but with experience + mastery with risk management + a system to predict direction, consideration of volatility with proper software to handle greed/fear..........yes earning day to day basis possible

Re: Current news & Rumours in the mkt

Any timeframe trading if done without proper risk control is very dangerous.....and any trading if done with a proper method,set up,entry,exits and risk control is not risky at all.....most people consider day trading as dangerous because most come to this form of trading to make big money in shortest possible time. Most beginners' trading accounts will die their deaths in this form of trading.....

Daytrading if done considering the above,is extremely profitable....it is being done by many....we have to think whether we are psychologically comfortable with this form of trading....and if yes,learn how it is done.....

Smart_trade

Edit : sorry...posted in wrong thread...requesting moderators to shift this post to "Is daytrading dangerous "thread...in "Risk and Money Management"

isn't that true for trading in all time frames?

I feel whole lot of problem is to over come the fear and greed. forget about market , if we can able to over come the fear is in not true that we can win the world itself ?

these are all generalized statements

[QUOTE
Originally Posted by sadiq
I feel whole lot of problem is to over come the fear and greed. forget about market , if we can able to over come the fear is in not true that we can win the world itself ?

:[/QUOTE]

then what is the base qualification of great conqueror either physically or spiritually ? just think u dont have fear . the next moment you will start winning in every thing . let be a meeting, a discussion with any one , a election etc..

You didn't get me...

this thread is not about base qualifications for winning the world. It's about daytrading.

sorry . may be I failed to express properly . the point is wining fear is an impossible task which was achieved by a handful in the whole human history . We need to agree this first so that entry and exit can be decided before starting a trade.