Sometimes we can observe gap-ups and gap-downs within intraday chart of stocks, which is mostly because of investors buying/selling. We can't see such gaps in intraday chart of index. That's why day trading on index is more safe.
What do you think about FIAT money? Do you think that small Indexes like German Dax is able to repeat moves of Nasdaq?
I can read well intraday chart of any reliable index and make good trading decisions. That's what every day trader need to perfect through practice. My suggestion is to choose a more predictable/reliable index for day trading. From the eagle's eye view, risk management is business mindset. To narrow down into stock trading, intraday trading on index is a great choice clubbed with taking stoploss hits more seriously, because that's what I call the ultimate risk management for any stock trader. As a disciplined trader I know exactly what I need to know and I dont know anything other than that. If we know what we are doing then we also know how to avoid what we are not involved. That is a professional discipline.
Hmm I've got totally diffrent point of view, but it is like with drivers, one is chosing car with big fuel consiuption onther is chosing definitly more economic one.
You really do have a one-track mind. Same shit over and over and over and over and over and over and over and over and over and over again, spewing forth mountains of words, saying nothing. So when are you going to show us your trading, instead of typing about how everyone else in the world needs to intraday trade to avoid the big, evil, world-ending gaps up and gaps down?
Hey guys This i am hearing repeatedly. That i am saying nothing. What do you want me to tell ? The exact steps, techniques, secrets that makes you filthy rich? If i say anything other than that then i am saying nothing. What is wrong with you? I am taking about business skills because trading is a business. And business skills involve mind, emotions and technicalities. Emotional intelligence, psychology and trading skills. Just because you are not hearing exactly what you want to hear from me you people constantly blaming me that i am not saying anything. Craziest people i ever knew!
Hey, is it just me or is one of the "people" in this thread clearly non-human... you kow who you are... The answers are just a little too well formatted for my liking