What People Don't Tell You About Day Trading (TRUTH)

Is day trading profitable? Is day trading worth it? Here is a truth about day trading. Most day traders lose money. It doesn't matter whether you're trading stocks, forex or commodities, most people who go into day trading will lose money in the long term. You might make some profits day trading in the short term but then in the long term, the odds are stacked against you as a day trader. Lots of people preach the day trading lifestyle so that they can sell you a course or get more commissions, not that it is profitable for you. Day trading is almost equivalent to gambling so don't buy into the day trading hype

[ibrahimabongabah]

Please long term trading need how much capital to buy and whole

[markivirich]

Once I wanna pull out profit, Should I open an LLC or corporation, how to avoid taxes legally???

[hughw.]

Correct. However, being a part of the 1% is a risk to take only if you can financially handle the loss in my opinion. If you can't handle the loss then you probably shouldn't be trading.

[onlyagreeingsometimes]

So, basically..
trade long and fill in the gaps with classes and hope the markets play into your hands. Its that or think about spending a lot more money on one trade and don't actually trade, saving yourself money.

[goyobotgoyo]

Having long horizon also have risk, its called time waste.
If you dont have high revenue income, dont waste your money on 16-20% / year profit. Day Trading instead or focus on your skill untill you have high income.

[Troyson]

Facts! That's why I love swing/position trading plus it fits my personality n lifestyle.
I want to learn more about fundamentals and sentimental analysis and how to implement them effectively in my trading strategy. I've currently been trading the Stocks and Forex for 8.5 years. I've only been using technical analysis (Supply and Demand) and has some success with it, but I want to improve myself as a trader.

P.s what music is that u have playing? I love it!

[subbramaniam]

Thank you for valuable advice from time to time 😊😊😊

[carlosandzs]

Thank you for making it all make sense.

[martinaasen]

have you ever experienced manifest error when trading?

when market opened this monday i saw price go really fast up and down, like a 100 times a minute and lasting for 2hours. i made 500%
two days later the broker took the money back.

i made losses later that day, long time after the manifest error showing wrong prices with my new 'fake money' and the losses are valid but not the profits.
so i got less money than when i finished on friday

[rumun]

I trading 1 maybe 2 times per weak. And I can confirm that over trading is wrong. Trading have negative effects on our emotions, thats why we shouldn’t be everyday on market.

For example I abadon setup’s for 5 min bars, now i’m speculate on h1 but it is still fir fun. Bc 95% my capital is in real stock not on lever.

And yes i’m profitable trafer after few years of lossing money and learning. I’m not rich but I can slowly multiple my cash after real job.

[LakaybizTv]

Pls Karen, if you say long term, does it mean we enter trade and hold for?

[No-ystj]

Hii Karen can I please know what range of time zones do long term traders use

[melvin]

I am not familiar with tax law in Singapore, but I know that, where i live, there are plenty of ways around said taxes.

[revshareglobal]

Just swing trade. But get real good with technical and pattern analysis

[TheFirstPaper]

I brought a calculator like you for quick calculation and using it in trading time.😊

[noobyev]

Have been trading crypto for 5 months. Exited to switch to forex

[johnathangreay]

The kid who paved the way for the little trader's.

[thingsyoudidntknow]

Lost 1000$ in 25 hours i think i have yo let go

[martinsabu]

Karen are you a short term or a long term trader