Eric,
I think this forum will be helpful to many, you've started a great thread here.
If I could respond to comments about the failures in daytrading (all trading for that matter).
I been exposed to many traders over the past several years. In my opinion, a key factor to successful trading (day or otherwise) is keeping the goals obtainable. Unfortunately, many traders do not.
In this months Trader Profile segment of Futures Magazine, a pit trader is interviewed, and to quote, 'His goal is realistic: to earn $500 a day trading one to five contracts..'
It is human nature to shoot for the moon...but perhaps a better and a more sustainable approach to trading would be to keep a level head, understand that trading isn't easy at all, use sound money management (protect trading and investment capital), work harder and smarter then the masses and be certain to hold realistic expectations!
Keep up the good work Eric,
Regards,
nextrade! |
