10) DAY TRADING INDICATORS In conclusion, and this pissed me off the most, you do not know who I am (or anybody else for that matter) so please don’t tell me what qualities I do and don’t possess!
Read more Webinar Calendar I worked in corp fortune 100 sales for most of my life and I trade now for a living as well and I can tell you that a lot of the problems that you mention that arise from daytrading happens in other lines of work as well. I know Sales & (ex-sales) people from big nasdaq traded company’s that are on anti-depressants or are overweight from stress eating. Many have no social lives or are divorced already simply because they are working 15 hour days trying to hit their goal for the qtr so they won’t get fired. I also know many programmers, Engs and Cube droids who complain of bad eyesight & weight gain from sitting in front of a computer all day long so these effects are not limited to daytraders.
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gotta say i don’t agree with anything in the post. i daytraded in the glory days of the last bull market in 2007 & the profits piled up. didn’t need options or going short, though i have since learned those are valuable tools in bear markets. daytrading is the ultimate challenge. it’s a game about winning & strategizing & taking what is there for the picking. it requires intense concentration, lots of research & desire. i guess- you either have the passion for the market, or you don’t. If you have the passion- you perfect your art. or maybe you just keep working, learning, trial by error. its great for people who like working for themselves, calling their own shots, accepting responsibility for gains/losses, & ultimate success or failure. gotta keep the negative self-talk to a minimum of course, & maybe keep healthier snacks than doughnuts at hand.
Do we even need to explain this? Whenever you suffer a loss in the market, it was probably related to the fact that you made a bone-headed decision. Day trading is not for losers. You need to win and win all the time in order to succeed. Ignore those traders who say otherwise. Unless they happen to drive a Beemer. Flipping back and forth on trades is also fun for everyone!
If you are to point fingers everywhere but at yourself, you become a victim and that is not an empowering state to be in. Things happen and at the very least, the only person who put you in the trade was you. Those sharp news driven events that nail your stop and bring about slippage only affect you when you are in the market.
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