To succeed, you're going to need skills, experience, expertise, aptitude and a sound psychology. As much as it might go against the grain, the best way to start is to start slow. Day Trading Versus Position Trading Unlike position trading, day trading is hard because there are so many time frames above you that can impact your results. By contrast, position traders only have to consider the weekly and monthly traders
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Think about it - if this were not so, then making money stock day trading in the markets would be simplicity itself, and we would all be rich. To learn from our day trading advice, start by imagining the market as being one of those 'banana boat' fun rides down at the beach. As the speed boat pulls the inflatable banana around, the driver is doing his darndest to throw the passengers off. Some have stronger grips and can hold on longer.
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Why is day trading so difficult? This is a discussion on Why is day trading so difficult? within the Discretionary Trading forums, part of the Methods category; Is it just me, or is day trading so much harder than trading using medium to long-term trading systems? It certainly seems that way to me I wrote about the reasons why here. The reasons I think it is so difficult are these - 1.
http://www.trade2win.com/boards/discretionary-trading/132606-why-day-trading-so-difficult.html
Day Trading Versus Position Trading. Unlike position trading, day trading is hard because there are so many time frames above you that can impact your results. By contrast, position traders only have to consider the weekly and monthly traders above them who don’t trade nearly as often. Becoming a day trader is like starting your own business.
https://www.daytradetheworld.com/trading-blog/why-day-trading-hard-and-how-become-successful-day-trader/
Re: Why is day trading so difficult? Position trading is a far more risky proposition than trading intra-day. There's far too much complexity and potential events which can occur which a trader can't realistically account for somewhere down the line.
http://www.trade2win.com/boards/discretionary-trading/132606-why-day-trading-so-difficult.html
Day Trading Basics: Why is Day Trading so hard? They say that if you don't know what you are doing, ANYTHING is hard. They also say that if you don't know who you are, the market is an expensive place to find out.
http://www.surefirething.com/day-trading-basics.html
Day Trading Versus Position Trading. Unlike position trading, day trading is hard because there are so many time frames above you that can impact your results. By contrast, position traders only have to consider the weekly and monthly traders above them who don’t trade nearly as often. Becoming A Successful Day Trader
https://www.daytradetheworld.com/trading-blog/why-day-trading-hard-and-how-become-successful-day-trader/
At every point, if you hold a day trading position, the market will keep sneaking up behind you and shouting 'BOO' in a full-on attempt to scare you into quitting and handing over your hard-earned. You can probably see that the point of this colorful analogy is to reinforce the principle that you need to KNOW WHEN TO ENTER AND WHEN TO EXIT YOUR DAY TRADES.
http://www.surefirething.com/day-trading-basics.html
Day Trading Basics. Why is Day Trading so hard? They say that if you don't know what you are doing, ANYTHING is hard. They also say that if you don't know who you are, the market is an expensive place to find out.
http://www.surefirething.com/day-trading-basics.html
Why Day Trading is Hard and How to Become a Successful Day Trader Home / Trading Blog / Why Day Trading is Hard and How to Become a Successful Day Trader If you’re new to day trading, the open market can be very exciting. However, inexperienced traders often get caught up in emotion when success demands analytical thinking and objectivity.
https://www.daytradetheworld.com/trading-blog/why-day-trading-hard-and-how-become-successful-day-trader/
why is day trading hard
Day trading is hard because there are so many time frames above you that can impact your results.