well i don't daytrade as such but seem to be lucky so far with a method of just buying on the red days and offloading on the green days with 20-30c increments here and there on med size companies and .05 and 1c on the lower value stocks , it has worked for the last 3 months and i really cant see myself changing into a day trader as such as i hold a full-time job as well... but i have seen my main blue chip and small cap portfolio grow at same rate if not better in the last 6-8months so really cant justify any better percentage gain to be had in 30 different trades in a day at $20 a pop. I feel comfy with my method as it has worked a treat but each to their own. i find if i was to enter the market each day my stops would get hit and i would lose more then i make, i dont set stops on my 3-4 day trades at all, risky YES but have found the market to correct itself so much this year it has made me good money, as it has for most.
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