I agree. And to add, best way to learn how to day trade is being long term trader first, you have years to test what it takes to be day trader and takes very long time to get brain up to speed to breath all your rules, within an instance to make 30 decisions. You spend few hours a week to do long term trading making 15 to 1 reward to risk on profitable trades whereas you have to do min of 10,000 hours of screen time to do day trading risking more than reward to average 27 bucks a trade if lucky.
The only true edge in trading is capital and the prudent use thereof. Learn to be wrong and be ok with it.
I go one step further then: the only true edge is capitalism. P.S. For most people the prudent use is to lose it to someone who can use it better.
At 2248 last nite: As we're down 25 ES pts since then, one has to wonder what he considers a good short and the prudent use of capital. Doing nothing with it is not necessarily prudent.
%%%%%%%%%%%%%%% With a library full of books; favorites include; all 3 or 4 jack Schwager Top Trader Books ------------------------------------------------------------------ All William O Neil books on investing;including the Sell Short Book[Founder of Investors Business Daily.] Market Makers Edge Book, by Joshual Lukeman Dont let the daytrading cover fool you; study his 6 month candlecharts. You english is fine; wisdom is profitable to direct.....................................................................................
read basic corporate finance, which will be completely useless but something basic that everyone should know