RE:RE:Do you fools finally understand?I'm not sure who started saying day traders lose money? Not even sure where or how that data was derived.
Hard and fast rules to go by to protect yourself. I use to do it but stopped cause of the pressure and averaged $200-$1200 a day and set my losses under $100 to protect myself. I won 75% of the time in hot markets and you short in down markets, flat days you might as well go for a drink.
Trick is finding high volume stocks that have the right entry for intra day bounce, you need 3 screens.
Lots of Youtube videos to show PPL how to do it now, and I feel there are a lot more iPhone trades these days with the wilder swings.