In fact it's the opposite. The larger the timeframe, the more unknowns there are. It's simply based on logic, as time passes, more new information comes about and other old information loses significance. So your 3 month old analysis can often be completely outdated and therefore useless. Price action (and thus even indicators!) depict the psychology of participants and without any important news event or manipulator, that will determine what an instrument does in the next 10 minutes. But we are in a massive bull market and I'll take a wild guess that you're either all long or mostly long. So you could be buying randomly and making money in any 3 months window.
Most of the billionaire traders (Buffett, Ray Dalio, etc) are swing traders. Perhaps Jim Simons is an exception. But anybody who thinks they're another Jim Simons should not be allowed near either sharp objects or money. What was the question again?
Neither are profitable for many people and why there are mutual funds. People spends months or years planning memorable vacation but when it comes to trading, it takes long time to even know what should go into a trading plan.
%% True; but i doubt they would call it easy. Fun sometimes but not easy; question asked was which is easier........................................................................................
'if'.... Lol. No shit sherlock. It's sooo easy as long as [insert any random conditional statement here]
Numerous published studies reveal the more actively an acct is traded, the worse the performance. Obviously there is a small percentage that are the exception. Day trading your more likely to give into impulse & have the flight or fight responses on overdrive which sabotages your logic & best laid plans. I do both day & swing - not biased, just keepin it real.
It’s the opposite. It’s far easier for a competent day trader to predict what the market will do in 10 minutes than 3 months. Short term movements appear random if you don’t know how to read price action. Your statement that you can predict with a “reasonable degree of accuracy” that a stock will be higher in 3 months if market conditions don’t change. Well how do you predict whether the market conditions will not change in 3 months?
Jeez, what market are you trading? And of course daytraders who are successful will be able to do what you say. Or else they will not be successful. So it's rose-colored glasses man. What if I told you that the most competent daytraders will know what the "market" is going to do in the next 60 seconds, based on PA? How would you respond to that? Time-frame not long enough? Mmm hmm. The most successful traders in the world are people who buy and hold. If you buy a stock like AMZN, are you a trader or an investor? If you buy and sell AMZN within the same day, you have traded it. If you buy and sell AMZN withing 30 years, it WAS a trade. So why is that not trading? Maybe we should start calling it "dayinvesting"?
Clearly you don’t know anything about daytrading so why even insert your opinion here. Day trading is for income. Investing is for wealth building. Many day traders do both.