Daytrading....Your First Step Into Markets???...Start Prayin!!!

A chop chop day (these kind of charts can kill a noob day trader)…this is what frustrates Day Traders. Unfortunately for majority of the entrants in stock markets, this is the first (SUICIDAL) step into the lucre of the easy wealth and probably the last step too, coz they never live to survive the Winter or the Summer or the Autumn for that fact! I had been a victim of this and fortunately survived to tell the tale but not without serious damage to my bank account and more importantly to my psyche!!!

Daytrading is a specialist field what many people fail to understand…if taken in education terms then Daytrading is akin to being a Post Graduate or an PhD. And you don’t go to this level straight, before this you oughta finish high school! No wonder many professionals advocate becoming proficient in swing and positional trading before even attempting this form of highly specialized trading.

A very sound argument or rather his views on Daytrading are put forth by A.K. Prabhakar in this post!