Is Day Trading For You

is_daytrading_for_you
Many people find day trading very attractive as a career but never really spend the time to think it over before committing themselves to a surprise journey in hell. It is not what most people think and it is not suitable for most people.

Following series of articles is a serious discussion on the subject based on various studies of retail day trader performance and my years of experience in working with professional traders and training quite a number of them.


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The Misunderstanding Of Trading Skill Development

Many people have learned that top day traders can make a lot of money. The idea of being able to day trade and forget about the markets by the end of the day is very sexy. It is also toxic like an addictive drug to most of the people who give trading ...

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Visualization of Trading Performance Progression

In the first part of this series, I have explained that majority of traders have a misconception of the way trading skill is developed over time. That misconception leads to wrong expectations from the progress in their trading performance. The wrong ...

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Kick Start Your Day Trading Career
Kick Start Your Day Trading Career - The Right Way

In second part of this series, I proposed a new paradigm to think of trading skills development and the related expectations on trading performance. By accepting the new paradigm, traders can handle changes to their trading performances from a better ...

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Breaking Your Day Trading Performance Barrier
Breaking Your Day Trading Performance Barrier

In the third part of the series, I have covered the psychological makeup necessary to compete against the other traders in the extremely competitive field of day trading. Those foundations will help you making the right decisions both inside and outs ...

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There is also a PDF version of Is Day Trading For You that you can download from scribd.