As you gain experience it will become much easier to make a living day trading. It will be more rewarding to achieve it because it will allow you to make some really good cash, so you’ll be able to buy what you like instead of being forced to take a risk. Also, some days will be more profitable than others.
Also, keep in mind that some people trade because they want to improve their ability to trade in a way they can do so while also earning some money without taking a risk. These people do not trade because they are the “best” traders, they trade because it is profitable, and it will always be profitable. So, you need to be patient. And, keep in mind that the day trading will eventually become your second career, so don’t over-think that your first career is done.
What is the best price to trade?
You can be a very fast and accurate trader if you know which exchange to go to, which market should your trade on, how to do the most efficient trades, how to avoid losing your money, how to understand what people are doing, how to do long/short trades to minimize losses, etc. Then the best price to trade will always depend on that knowledge, but usually you will have a much better understanding of your market, your limit orders, your trading strategy and also how to make better trades when you find one and make profit as well.
What kind of trading strategies do you use? How do you trade day trading?
I tend to use different kind of strategies depending on which market to go to, the market with the most volume, my current stock, other people/instant markets, trading positions or my limit orders in my trade-book. But you can make a good start to learn day trading from reading the above pages by watching how a trader behaves and the things they fail to understand. Most days I trade mostly in a long position and in this position I have a lot of limit orders with some buy orders to buy certain stocks and sell certain others. On some days I trade only very short positions, sometimes I buy and sometimes sell. My strategy varies according to the way in which my stock is trading, because you need to decide what the purpose of the trading is.
How do you manage your daily profits/losses?
I always manage my profits in order to be able to make a profit while losing a loss at the same time.
For instance, if you get
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