That he too can last for 30 years?? So what about you? Are you happy as a day trader? I guess people need to find out for themselves whether day trading is a right fit for them, and not rely on books or opinions. More specifically, they need to be selective about what or whom they're lending their eyes and ears to. But then again, isn't that what trading is all about?
LOL. No. Success is about what works and how it works. Knowing what doesn't work doesn't necessarily take you any further towards a solution.
Both yes and no. I do think it's a fun and enjoyable game to play, but I don't like being locked down at my screens at specific times every single day if I want to play. For my current life situation swing trading might be a better fit. Since most would be day traders fail, my take is that day trading is not the right fit for most people by default. If anyone wants to give a it a go, by all means, I won't stop anyone, but I think the best we can do for any starry eyed newbie is to knock some realism into them and help manage their expectations.
I am an old noob day trader. After live traded for three weeks I actually enjoyed it. But not sure I can do this for the next decade. The good thing, it is like working at McDonald's, it doesn't matter if I work one day or five day. Hopefully the pay is better. Right now, my profits is a free Big Mac every day.
Good for you. Unfortunately, for the other 95% of the day traders, they're not so lucky to even get a free Big Mac, let alone $1 menu for free.
i agree totally it took me 20 years to be comfortable with day trading but HEY! maybe some newbie can be successful-or think they are successful - in 2 days. often that is the problem -beginners luck- being mistaken for skill and then the trap is sprung. i remember first month in daily time frame trading i made 90%. you can make money in trading knowing shit but you cannot make it consistently enough to make a living at it.
no but when you have to learn something as individual as trading where the only way is trial and error then your best bet is reading everyone and trying it out to see if it is for you rather than going with the latest fashion.
for me no...and that is the beauty of trading. you get what to choose what sort oof animal you want to be. i hate to lose and swing trading means you have to lose maybe 40-70% of your trades. i sometimes in two scalps watching market for a hour, than most people in the world, make in a month. that is after 30 years of experience and 20 years as losing as day a trader but nothing that is worth it, comes easy and fast. trading is easy -anyone can do it- but it is NOT fast and most newbies think trading is fast money somethings cannot be taught and have to be learnt......