Day traders' after-market lounge April 28, page-16

  1. 60 Posts.
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    I can tell you that of analysed many day traders Post's, consistently checked for their entry and exit prices, based on either what they openly state, or checking the market when they said they got in and out. I also have a bit of an idea as to their order size. The very best day traders that I've been able to analyse, will say they make money but if you have a look at what they're doing overall many of them are actually down.

    I can also honestly say, that I'm a pretty aggressive trader, 99% of my trades are day trades. and I lose a lot of money, more so lately when I get a trade right, the margins are so tight compared to what they used to be, that I find myself staying in the trade too long, I end up taking a loss more often than not in these current market conditions. 6 months to a year ago I found there was still alot of lock down/ super/ covid money, which made my style of trading a lot easier.

    I'm starting to think of moving to the US market because I need the liquidity. It's hard enough trading against Bots/Algorithms then Broker's Playing games with my entry and exits, plus what is a thinning and bipolar market.

    Enjoy every bit of it, I treat the whole experience as a learning exercise. However it's a shame people don't talk about their losses anywhere near as much as their gains, so we end up seeing an illusionary picture of what day trading is, because it's definitely not, consistently perfect entries and exits, with Boom Boom massive profits ever day...
 
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