Yes. I looked at the competition when it was announced as I was considering competing, but then realised how restricted the range of trading instruments was so didn't bother. That is precisely NOT how a day trader makes his money. Just watch the forums here. Many traders scanning the market for opportunities triggered by chart patterns and announcements across the entire market, then sharing their finds and alerts during the day as many buyers helps everyone. From day to day it will be different shares in play not complex instruments. Further many are longer term in some things and short term in others. Further many can increase their trading capital with margin trades which can leverage your total trade capital by 1.5 times without lone fees or interest if you hold for no more than 2 days. But the big issue is being able to fles across the entire market and respond to changing news, not being locked into instruments that are better for longer term holds as they track the market as a whole and smooth out the extremes as if they were tradable instruments in the short term where you want precisely those extremes.
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- Day traders' after-market lounge September 5
Day traders' after-market lounge September 5, page-21
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