Anyone here day trade?

Discussion in 'BlackHat Lounge' started by partymarty4870, Nov 12, 2012.

  1. partymarty4870

    partymarty4870 Elite Member

    Jul 7, 2010
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    I come from a land downunder
    I'm thinking of getting into it. I spend enough time in front of the computer - and have a very analytical brain. I see patterns well and have a big set of balls as well. I do have a bit of a portfolio of mining and blue chip shares, but they're more long term and passive. I'm after something a bit more interactive.

    And the main thing is I've got just under 50K sitting in the bank not doing too much.

    Any tips would be greatly appreciated.
  2. hpv222

    hpv222 Power Member

    Feb 8, 2010
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    Don't go that route. Say you want to trade Forex - If I have to take a wild guess, about 90% of the independent investors are losing money and the independent traders that are claiming to be "making a killing" for some reason are selling signal services or their methods on the major Forex forums (which usually indicates that the only way they are making money is by selling methods, software, services to other potential traders).

    The traders that are really making money are the top players and I seriously don't see how any small investor could compete with them - they have super teams with experienced traders, the best trading platforms, you name it. It is like me playing basketball against the top NBA team, do I stand a chance?

    Of course, this is just my opinion, if you want to give it a try , go ahead, it is your money ;)
  3. The Scarlet Pimp

    The Scarlet Pimp Senior Member

    Apr 2, 2008
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    Chair moistener.
    use seasonals, and paper trade for a few months to see how it works. jake bernstein sells seasonal guides that show short term history - i use those.