Day trading education is a multimillion dollar a year industry. Unfortunately, many acclaimed trading educators and education outlets tend take advantage of new, and sometimes seasoned, day traders, with their promises of unheard of returns, holy grail strategies, or worthless trading indicators. How do they get away with it, you ask? Because people buy into the rubbish, and are constantly looking for the easy money.Day Trading Tip of the Day
There is No Holy Grail of Trading! There is No Single Indicator or Strategy that Will Work 100% of the Time, NO MATTER WHAT ANYONE TELLS YOU! In fact, regardless of how well an indicator or strategy may work for one trader, it provides no assurance or guarantee that the same indicator or strategy will work for the next trader.
The true secret to becoming a profitable and successful day trader is to find the indicator and or strategy that works for YOU. Use indicators and analytics that you understand, you can read, and you can successfully interpret, time after time.
Find the trading indicators and strategies that work for you, and only you. Form a relationship with them, learn every move/pattern they make, and why. In no time at all, you will become the top trader at your proprietary trading firm.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.