>Training and psychological profile.. Is he/she up to this.. Every day..<
Sultan,
True... one has to love the daily action and the adrenalin rushes to be a daytrader. The idea of the big ATM in the sky spitting endless amounts of money for those who have the right combination is very alluring. Also, some people just love the action, win or lose.
It's much harder than it looks. A daytrader is challenging not only the market, but also other traders, including institutional traders with huge working capital, sufficient to move the direction of a stock in a timeframe of a few minutes. It may be a short timeframe, but with millions of daytraders watching and interpreting tick by tick chart movements, it is enough to turn around the psychology of supply and demand.
Daytrading is one battle after another, equipped with fast fingers, steel nerves, keen eyes, and direct trading screens. Winners are rewarded with satisfied egos. Losers re-huddle to figure out what went wrong with the ATM combination. Daytrading schools create the belief that if you control your emotions, success is just around the corner. It's a big trip for all! Money is irrelevant to ordinary Joe Trader, unless capital is impaired to the extent where a working life again becomes a necessity. More important than money is the adrenalin rushes of winning and losing.
How not to love day trading, unless it's not for you.
Vegas, eat your heart out! |
