Adi,
Good to know you are making money. But, you still haven't answered what you are learning.
Anyway regarding Intraday trade now.
My psychological make up does not permit me to do intra day trades. What day traders make over period of 20 days, I make much more in swing trades over the same period. I am not being derogatory towards day traders, on the contrary I acknowledge they are more skillful, but somehow I have mastered Swing trading more.
On an average, if I take up 10 Swing trades, 8 of them result in small losses. Whereas 2-3 of them are big winners. This is how I trade and I feel very comfortable with that. Furthermore, I am extremely relaxed kind of person in my real life and hence I am slow to react to things. I take my time to think and I take my time to trade. Hence, I don't have fast fingers which are required by day traders.
Day trading is very luring. It attracts most of the traders. The feeling of not carrying any positions for tomorrow gives a feeling of beating the market everyday. This feeling is what results into maximum of traders losing money in this genre of trading. Once mastered, it can be very profitable. But, it needs to be Mastered.
If you are day trading based on what Savant is trading, then its better if you learn something from him. Read his thread, ask him questions and get your doubts cleared. Don't just sit and follow his trades. That is not going to be fruitful in anyway. Make use of his experience and make it a point to learn one new thing everyday. In the end, don't forget to be thankful. Recently many new traders are taking the wrong tone here. I don't think that is the right way to go about. Traders must know what it takes to share information here. If someone is sharing and teaching something, he has to be respected. Just because its free, its not worthless.
Tc
Good to know you are making money. But, you still haven't answered what you are learning.
Anyway regarding Intraday trade now.
My psychological make up does not permit me to do intra day trades. What day traders make over period of 20 days, I make much more in swing trades over the same period. I am not being derogatory towards day traders, on the contrary I acknowledge they are more skillful, but somehow I have mastered Swing trading more.
On an average, if I take up 10 Swing trades, 8 of them result in small losses. Whereas 2-3 of them are big winners. This is how I trade and I feel very comfortable with that. Furthermore, I am extremely relaxed kind of person in my real life and hence I am slow to react to things. I take my time to think and I take my time to trade. Hence, I don't have fast fingers which are required by day traders.
Day trading is very luring. It attracts most of the traders. The feeling of not carrying any positions for tomorrow gives a feeling of beating the market everyday. This feeling is what results into maximum of traders losing money in this genre of trading. Once mastered, it can be very profitable. But, it needs to be Mastered.
If you are day trading based on what Savant is trading, then its better if you learn something from him. Read his thread, ask him questions and get your doubts cleared. Don't just sit and follow his trades. That is not going to be fruitful in anyway. Make use of his experience and make it a point to learn one new thing everyday. In the end, don't forget to be thankful. Recently many new traders are taking the wrong tone here. I don't think that is the right way to go about. Traders must know what it takes to share information here. If someone is sharing and teaching something, he has to be respected. Just because its free, its not worthless.
Tc
