Day trading, anyone know anything about it??

Price movements are not random but they unpredictable especially in the short term so might as well be random. Day trading is not impossible but it probably won't beat buy and hold as a strategy.
 

your obviously quite skilled in the area of numbers and moving trends , me , i cant get past simple moving averages , 50 day dropping below the 200 as a bearish sign , 50 moving over the 200 as a bullish sign etc , as such , when i thought stocks had bottomed in the past , id buy only to see them drop even more , anticipating another leg down is tricky as when it happens , what you thought was support , becomes resistance
 
demoivre said:
The vast majority of people don't understand the critical difference between gambling on horses or greyhounds in Paddy Power and trading financial markets, which is why most lose at trading.
Click to expand...

i dont think investing in financial markets is akin to placing a bet on a horse with paddy power but for many people , trading the financial markets can leave you just as poor as sticking a tenner on the 3.30 @ cheltenham , only minus the fun
 

the traders themselves were shorting the market all summer off the back of the greek situation and after that the chineese slowdown , oil was a huge short all summer , the professionals in the industry actively short companies who are perfect , its just that in a nervous enviroment , the good gets flushed with the bad , the insiders knew that retails would panic sell over greece and china , the german dax was in possibly the shortest bear market in history from around late august to less than ten days ago , it dropped around 21% off its yearly high ( which was set in march ) and is now up over 20% from that low in august , so is now technically back in a bull market, this was entirely orchestrated by the big guns who exploited the greeek and chineese situation

this is why for the vast majority of retail , buying and holding is the only sensible option
 
You must log in or register to reply here.
Menu
Log in
Register