wink fails at daytrading, page-72

This thread is clearly driven by sentiment. The fact is that, on the whole, day traders loose.

It is also a fact that there are some very savy day traders that make a lot of money. I suggest that you read up on James Simons who uses tick data on the day but with a mechanical system or Crabel to name two. There are systems out there but they are proprietary.

The name of the game is that when dealing with short time frames you need a purely mechanical system. Once you start analysing with those short durations there is only one thing that will result and that is failure. Pull out the excel spreadsheet use the easylanguage facility in tradesation and write your system up and keep your brain out of it when you are trading. There are many that make money but it requires intelligence, discipline and above all a mechanical system.