No not an online earning algo. I created a system myself and defined all the rules. The machine should check all the time which rules should be applied. He proposes me the optimal setup, but I decide and execute. The machine does not place any orders. I keep control of everything.
Do you honestly think 100% returns over 5 months are consistently achievable. All it takes is one bad earnings report to halve your money. That's why daytrading is better as you can diversify much more and you don't suffer from overnight news announcements. A solid strategy offers at least some kind of consistency, putting 100% of your equity into one company is very very risky.
And when you follow the link there is a lot of publicity for things Altucher is selling. And believe me according to him these things he sells will work!!! Altucher stopped as a daytrader so he was a loser. And like Marketsurfer he also knows many stories about all these daytraders that lose everything. But you never read a name or address so that you can check their stories. Traders trade, writers write. This is confirmed again.
There are days when you should be day trading and then there are days when you shouldn't. I have no idea atm how to distinguish between the two, so i don't bother day trading.
The first sentence is not correct. The word YOU should be replaced by VISARIA. You cannot make a statement saying what others should do, you can only speak for yourself. PS: your statement can be applied on anything. LT there are moments too it is better not to trade for some people. Even in business there are moments you better not start a certain kind of business. Your statement is not exclusively for daytrading. But I respect your opinion. Everybody should decide for himself what to do, or not to do. And use common sense.
Defo even after having a stupid day and blowing $160 area lol First day of actual trading in few weeks mojo lost.
Yes. Why not? Assuming a solid strategy, yes. Easier said than done, perhaps? And how much does a solid strategy pay you? I'm thinking day trading can be VERY profitable for the few who really master it. But for the rest of the crowd who's barely breaking even and don't even beat the market indexes after busting their ass off and assuming a ton of risk, it's probably not.