Blog of Day Trader

No trade today. It never triggered a signal..despite the stock rocketing up. Oh well can't catch them all.

$0 profit $0 loss

Do not fall for the hype on day trading. You can't win or trade every day. It's simply not that easy. I know some day traders try to tell us they never have losing days, etc... BULL.

The way I see it you need an edge. so you want to be making aprofit at least 12 out of the 20 trading days. You winning days want to be at least 1.%X your lsong days.

Let's do the math:

Winning day average: $1,000
Losing day Average $750

12 winning days
5 losing days
3 no trade days

12 X $1,000 = +$12,000
5 losing days: - $3,750

Total profit: $8,250

Still very profitable and there's no BULL about no losing/ flat days. Because there are!