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Strategies & Market Trends : The Art of Investing
PICK 51.06+2.3%Dec 22 4:00 PM EST
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To: y2kate who wrote (8514)4/20/2024 9:46:27 PM
From: Johnny Canuck3 Recommendations

Recommended By
sixty2nds
Sun Tzu
y2kate

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Watch Trader TV Live if you want to know what day trading on a prop floor looks like.

Live Trading by TraderTV Live - YouTube

Their most consistent trader only uses support resistance levels and an an ability to read the tape. He graduated to a full funded trader after one month of training 20 years ago.

It takes discipline and a focus that does not suit the aptitude of most traders.

It seems to suit people that like constant action and the excitement of the win.

While you can learn the principles and the develop a style that suits you best, the reality you need to love the atmosphere that goes with it. When I have day traded it I have to shut the sound of the tv to screen out the noise in order to maintain the focus needed. Ultimately I find it more work than selling covered calls against my holding to generate cash.

The hardest thing to learn in day trading for me was to learn when not to take a trade.
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