I know what you are talking about, I tried to daytrade as a profession for some month but had to discover that I am not able to make money with daytrading (sometimes you think it works and you win 100 000 but you have to give it back over the next periods). I assume there might be some guys who have success in daytrading.
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Face Makeup High Probability Watch List for the week of June 11th New setups on this weeks watchlist have been added before today in special members update videos, this has paid off well as we have a nice head start on the Best Bets going into next week. Feeling great about the markets is not a warning, We to strike while the going is good and it is good! The setups are rolling in now and just let them work and adhere to stops. Our traders in the room this week have been on fire. Thanks for posting real time trades. I have learned long ago that this site is great because of the many elite traders that share there info and there trades. Together we provide the most valuable trade setups to our fellow traders.
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Sub Penny Stocks Influence I agree with most of what Trader Tim says, except the points James makes about the societal utility of the daytrader. I think it’s a hallow rationale to say that daytrading makes you a part of society because you pay taxes on your gains and then spend your money to stimulate the economy. That’s great, but that doesn’t really speak to the relevence of what you are actually doing to earn the money. Anyone with a profession that makes them part of real society could also claim the same things, that they pay taxes and spend money. Then there’s the classic “providing liquidity” rationale. Does anyone start daytrading with the goal that they are going to “provide liquidity?” That’s like saying that being a breathing human benefits the world’s plantlife, because you are exhaling carbon dioxide used for photosynthesis.
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Adding to the loosing trade and eating doughnuts is gross!!! So if you loose $500K in one day, how many doughnuts is that – one doughnut per 1K, or one doughnut per 10K. Let’s say that’s one doughnut per 10K of loss! Man, eating 50 doughnuts a day put’s you in a SUMO-wrestler category of trader. Sorry, but I can not take this article seriously.
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Photography6 These are some really great ideas! There’s a few I hadn’t heard of like “Letgo” so I’m going to check them out. Thanks for sharing! And love the blog 🙂
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