The secret of daytrading

Discussion in 'Trading' started by TTT, Jul 25, 2018.

  1. Andrew_87

    Andrew_87

    Well that’s right. Also, I think a good research before starting to trade helps too.
     
    #211     Oct 29, 2019
  2. “There is no single market secret to discover, no single correct way to trade the markets. Those seeking the one true answer to the markets haven’t even gotten as far as asking the right question, let alone getting the right answer.” Jack D. Schwager
     
    #212     Oct 29, 2019
  3. Mnewton

    Mnewton

    There are many ways to trade a market, stocks, options, futures,currencies, bitcoin and many more but the best way is to buy low and sell high, or sell high and buy low always works, unless you screw up.
     
    #213     Oct 29, 2019
  4. maxinger

    maxinger

    there is no secret.

    you need to have passion. you need to be very hard working.

    if you think day trading requires very very very simple basic skill like
    toilet cleaning / dish washing / street cleaning / shit cleaning, then day trading is absolutely not for you.
     
    #214     Oct 29, 2019
  5. Trade a shorter time frame into a longer time frame.
     
    #215     Oct 31, 2019
  6. maxinger

    maxinger

    actually there is a secret.

    Always predict human behaviour, not market direction.
    Because humans are humans and their actions are rather predictable.
     
    #216     Nov 1, 2019
    vanzandt likes this.
  7. Then how are they different?
     
    #217     Nov 1, 2019
  8. Human experience and logic applied without human emotion.
     
    #218     Nov 1, 2019
  9. That's called rule based, or objective trading.
     
    #219     Nov 1, 2019
    TradeInsights likes this.
  10. TommyR

    TommyR

    ethical trading is important as well. a rule based trader may discover that its good to spam social networks with fake news whilst it trades. she doesnt have common sense so it makes unethical subgoals to reach the master goal
    its significantly better defined than people realise though. it's very early days.
     
    #220     Nov 1, 2019