wondering whether to begin learning day trading...

Discussion in 'Trading' started by TGpop, Jan 12, 2010.

  1. TGpop


    i've been 'learning' swing trading stock market dailies via trend following, but in the last 2 weeks i've been watching intraday action and i think i have a good strategy: finding the best moving sectors, findign the cleanest trending stocks, buy dips and sell rips ( kind of like how i swing )

    would this be ok for day trading, or is it too swing-ish. plus could i day trade stocks via spreadbetting ?
  2. Handle123


    I think I learned the right way in trading, I spent several years getting very good at long term trading of stocks and commodities. Then spent several years at swing trading and last 18 years, I have added day trading to the other two. I think one area of a timeframe must become second nature before going onto a smaller timeframe because of the speed. You have all night to think about putting on a long term trade, you have hours to think about swing trading, but trading off five minute bars or less timeframe, you have to encounter many more decisions in a much shorter amount of time.

    So if you have become very good at swing trading, can always do paper trading of shorter timeframe. Your money management rules is what makes profits in day trading.
  3. focus on proper trading and money management.
    scaling in-out, setting proper stop losses, target price selections, when not to trade and so on. You can be right only 30-40% (or less depending on your system) of the time and still be profitable when employing proper trade management techniques