Long term Trader versus Intraday Trader which is profitable?

Discussion in 'Professional Trading' started by Daxakar, Dec 11, 2007.

  1. BJL

    BJL

    Only thing you need is patience. 30% over 30 years on 15k is still a nice amount of money.
     
    #11     Dec 13, 2007
  2. DAX

    you highlight the major challenge to day tradeing. Emotion. Controlling emotion is the key. Those who can are the successful 5% who make a living at it. Those who can't will make huge compounded mistakes.

    I traded professionally for years using discression and found that i would have long streaks of small success followed by short term periods or large loss whihc reduced my overall profitability.

    10 steps up then 1 large jump of 8 steps down.

    i put most of my faith these days into a mechanical systematic approach. the best traders int he world are robots. i find it too hard to do this on a discretinary basis but a compter has no feelings. this may be your answer

    Become a robot.
     
    #12     Dec 13, 2007