Day trading is all about making buy and sell decisions. When you make a trade either your going to lose money or your going to make money, and some other times you will break even. When you win some body else will lose and so forth, but that's NOT what's important.
The most important aspect of day trading is the knowledge FILTER you employ to make your buy/sell decisions. There are many "fantastic" strategies outhere, but you need to test them in order to discover which ones help you the most. That's part of your homework as a daytrader. Test, test and test again.
Complicated strategies that rely on a "boat load" of technical indicators can make you slow, and being slow in this game can be as dangerous as not knowing what to do in the first place.
I think the worst thing that can happen to a beginner trader is to get information overload. It's better to go step by step, and test a simple strategy that can show you how to focus on concrete ways to make money.
Fortunatly there are some good sites on the web today that can show you how to trade in a practical and effective way. One of those sites is Stress Free Traders ( StressFreeTraders.com )
In the end, day trading is all about buying and selling according to your knowledge FILTER. Once you master and follow youre proven filter parameters like a clock, you can expect to start making serious amounts of cash on a consistent basis.
Stress Free Traders helps traders and investors take advantage of momentum stock trading opportunities every day at StressFreeTraders.com
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Reuters - Dozens of Somali Islamist insurgents entered a port on Friday in search of the pirate group behind the seizure of a Saudi supertanker that was the world's biggest hijack, a local elder said.
Reuters - President George W. Bush spoke with U.S. Attorney General Michael Mukasey on Friday and the top U.S. law enforcement official sounded well after collapsing during a speech, the White House said.
AFP - The use of nuclear weapons will grow increasingly likely by 2025, according to a bleak US intelligence report that warns that US global dominance is likely to weaken over the next two decades.
AFP - Thousands of Shiite followers of the firebrand anti-American cleric Moqtada al-Sadr gathered in Baghdad on Friday to protest a security accord that would allow US troops to remain in Iraq until 2011.
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