Are there posts which show daytrading can be consistently profitable?

Discussion in 'Trading' started by a_c, Jun 30, 2020.

  1. Thor

    Thor

    The most profitable trader here was spanish89.
    Read his journal and try to reverse engineer his trades.

    I did :p
     
    #21     Jul 1, 2020
    a_c likes this.
  2. what did he trade? stocks, future, forex? what?
     
    #22     Jul 1, 2020
  3. One of the other considerations here is starting capital, etc. It's a much different risk profile trading a 6 or 7-figure account vs. $25k. And as someone else mentioned, define "daytrading." I take a lot of daytrades but I may keep positions overnight or even a few days, if warranted. And are we talking about trading futures, options, ETFs, Fx?
     
    #23     Jul 1, 2020
  4. Turveyd

    Turveyd

    Day Trade I'd say 2mins to closed on the day, Scalp being Sub 2mins. Over Night is a Swing trade.

    Quite a lot of my trades fall into Scalp recently.
     
    #24     Jul 1, 2020
    KCalhoun likes this.
  5. Day trading is profitable for those who do rigorous monitoring of the forex market. It requires much discipline and experience as a little change in price can lead you to profits/losses. You can make a trade journal and review your trades. This will help you to rectify your errors and then you can work on them to do better day trading in future.
     
    #25     Jan 21, 2021
  6. Bad_Badness

    Bad_Badness

    Probably not a "single one" because the "show" is not what *you* think. Most people think it is just a system with signals etc. That is only part of it. The other parts, are scattered around in other posts. To understand what makes a good system, you need to understand what are the parts of the systems. If you identify all the parts, then you will have a road map to the parts you need. Then you need to figure out how to put them together. It is like preparing a multi course good meal, there is a lot to understand.

    For starters, a system is needed, but the truth is many system can work, but the actual tactics to implement the system is where most fall down.

    Hope that helps.
     
    #26     Jan 21, 2021
  7. You can work hard for it. Keep practising and learning different aspects. The only way to earn more profits is by working hard for them.
     
    #27     Jan 27, 2021