Better to daytrade 5 times than hold for five days
I think. Or, hold a small position and daytrade
around it. This 11:30AM reversal is about as reliable as WWW.
Tough market to swing trade
Started by
CLK
, May 29 2007 02:52 PM
3 replies to this topic
#2
jjc
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- Traders-Talk User
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Member
Posted 29 May 2007 - 03:03 PM
Careful it's training you to behave in a particular manner. Don't miss the break.Better to daytrade 5 times than hold for five days
I think. Or, hold a small position and daytrade
around it. This 11:30AM reversal is about as reliable as WWW.
#4
calmcookie
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- Traders-Talk User
- 2,536 posts
calmcookie
Posted 30 May 2007 - 02:29 PM
I may be wrong, but I don't think there is anyone who can consistently make money doing swing trading. And the statistics for day trading are dismal ... yes, some people can succeed, but it is only a tiny fraction of those who attempt it.
If anyone IS consistently making money via swing trading ... over many years ... would be interested in knowing more and seeing some evidence for their success. Even Dr. Alexander Elder, who has written several books about trading has had a dismal predictive record in the few short years I've been getting his newsletter. If he can't do it ... then I certainly don't have the know-how. Surely he makes more money selling his books and traders camp packages, then on actual trades ... NO? Objections welcome.
Best to all, C.C. 
Edited by calmcookie, 30 May 2007 - 02:31 PM.
