Sunday, September 19, 2010

DayTrading Payoffs?

Day trading is for professionals and not for amateurs or those who want to emulate professionals the hard way.

Non-pros overlook the practical ground rules for day trading. They are not as simple as those you get in classes for beginners.

To start, you do not have sufficient volume and programming with which to work the odds in your favor. Then, there are only small profits when gains do occur.

When you are looking for gains of pennies at a time. And even if you have the complex models for trading programs and securities packages, there is no guarantee they will work. None work perfectly for long.

And you are always competing with the professionals who have more powerful money with which to trade, and in faster computers and models.

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