Damnnnnn!!! I knew I was doing something wrong.. I keep buying High and selling Low...
Today I figured out one of problems... I jump in even without sufficient volume... Gotta work on this next week....
I know all the rules, but I keep on breaking them (and loosing money because of it...) ehehehe
Rule one: WAIT FOR VOLUME!!! I will try to avoid impulsively jumping in next week until I see that VOLUME
Only practicing though, so very small parcels... some out for brokerage, some + few hundred and some - 40 - 80... (Tight stop losses)
Still prefer my swings and LT, but would to be able to DT effectively and profitably ... But as @juliarrr199 said last night,
"Learning curve is usually 1-2 years and that is if you're really good. Many take 2-10 years to get pretty good at what they do so its all in the commitment. You also have to do that with a consistent strategy too. I think on this forum I see a lot of newer traders saying they're terrible at day trading but they make this conclusion after less than a year studying/trading etc.To put that in perspective, that is like a doctor saying they're a terrible doctor after 1 year of medical school. Like of course they are they have limited experience."
Wow, that Juliar sounds like my mum (IN A GOOD WAY)... Been following her advice for 6-8 months now and have learned sooo much from her!!!
Btw, For anyone wishing to see my PDF of GREAT POSTS / ADVICE that I have compiled over the past 12 months, feel free to see this PDF. ...
Just remember, this is stuff that I PERSONALLY find useful, but might also be some useful stuff for new traders ...
