Funny! How about, "Never follow anyone." We can get ideas from various sources but ultimately we need to create our own path.
Investor here...Not a day trader. Read and understand a balance sheet. A two day seminar (charge $200. +) would be real good. Also talk about defined benefits/benefits (stock options), and how the number of employees effect a balance/profit and loss statement. I know a semester of college could do this...But a two day intensive course could also do it. Debt to income ratios...Do you think new traders have any idea what they mean??
Time, all want money like yesterday. They have no clue who they are competing against. Themselves....
I don't believe your comment on basketball as an analogy to trading is superfluous although I can argue competitive chess would be far more appropriate. Just saying...
wait for a trend like this-i waited all day- it will come....the idea is is wait for a kill like a lioness.........enter on a any buy signal.....i entered on a double bottom :a micro DB as Brooks says; i entered on the second inside bar: if you have sharp eyes you can see the horizontal small trend line i drew at entry .entered by a sell stop in hind sight everything is 6/6........ what is clear is that in a up trend , sell signals, 'fail' or are just 'corrections' . big players do not 'shakeout' anybody......they do not have to do that . they understand the market better. and big players do not have to actively manipulate the market. if they stay out and do not buy, markets will fall.
what is day trading?it need not be 100 trades a day. one trade a day is also day trading. i am not advising anybody ...i am talking about my personal experience,
i have personal experience in trading and golf for over 30 years . in both more money is made in teaching than in practicing the actual thing. i suspect even in business it is the same. this is my observation. i am tempted to say, in my personal experience, that to make money in short term trading is impossible........but i still even after 30 years of trying....... dream of being a fantastic trader and golfer.