Thanks for your sharing. Agree with your about the specific nature of day trading.
- the huge effect of spread cost
- the huge possible profitability
etc.
- the huge effect of spread cost
- the huge possible profitability
etc.
DislikedDay trading is the most difficult way to achieve profitability because of the spread. I lost 20k in the my first 12 months of trading 7 years ago. Talk about pain and suffering - I was broke, a single parent living in a bed sit when I borrowed the money to start trading. There was no summer holiday for my kids that year or the year after. But I did 80K worth of trades with that 20k. I was trading many different instruments including stock and indicie cfd's, fx and gold. It turned out that, as a complete noob, I had actually broken even on those...Ignored