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Day Trading

Day Trading

Posted By WhyLose.com

I love day trading and would probably do it even if I could make more money as an investor. Guilty as charged. I believe that day trading is a superior way to make money not only because it is far less volatile, but also because it is an absolute return game and does not depend on the upward drift of the market in order to make you money.

But it is, by no means easy. I remember a few years ago I horrified a client when I told him that the only way to make 100 pips by day trading is to do 100 trades. He was aghast that it would take so much work to achieve such a paltry profit.

The other day, I suddenly remembered that conversation during another client conversation and decided to look at my personal trading account which I have banged around for more than 1600 trades over the past year. True enough the average NET profit was 1.1 pips.

When you think about it, my day trading results are not at all surprising when you put them into the contest of the real world. After all, consider toothpaste, petrol, even running a restaurant. When the business person accounts for all the costs of the business what drops to the bottom line is just a few pennies on every pound of revenue.

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