XJO 0.21% 8,210.3 s&p/asx 200

wink fails at daytrading, page-37

  1. 56,679 Posts.
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    Wink, constant never-ending ongoing daytrading is like going to the casino and playing Pontoon - the banker always wins. Poker is a different game where you can outplay and outlast. IMO, there is very little risk management in daytrading, unless the market always goes up - always - which it never does. Stop losses are a loss - not a risk management strategy - unsual statement I know - and highly debateable.

    IMO, you can try again, but the result will be the same.

    F/A plus T/A is all, apart from the massive psychological intangibles which are 100% subjectively instinctual.

    It's only for adrenalin junkies with enormous cash flow problems.

    GL - plenty would say the same as yourself. At least you had the intelligence to walk away.
 
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