To: Ally Re: Daytrading Without System
It sounds like your opinion is that most daytraders are trading without a system... "gambling, game of chicken, Las Vegas"... yikes.. That may have been a more true in the past, in the heat of the internet fervor, as the number of those wanting to "try daytrading" with get-rich-quick dreams and no experience or education mushroomed. But I assure you, those who are trading with no discipline or system, have died off. I believe that the professional successful daytrader, those with a system, especially this last year, are seeing the greatest possible potential in the market, with actually the least risk. Holding over this last year has been a losing proposition. Daytrading, just like any other type of trading, requires one to be objective and disciplined in following rules. Any and every type of trading brings the emotions hope and greed and fear to the surface, no matter what the time frame.
- Shawn |
