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Day Trading Systems How to Make Big Consistent Profits
Author: Sacha TarkovskyHow do you pick a day treading system that makes enormous consistent profits and look at day trading systems that can assist you win.
So, how can you pick the best day trading system to assist you make enormous consistent profits?
Lets find out.
The hype
On the Internet there are a huge number of systems sold in day trading and they sound worthy earn 70% profits, scalp 10 -20 pips everyday etc and all for a few hundred dollars or less!
So what makes a worthy day trading system?
Well the reply is:
Nothing Because the logic of day trading does not work PERIOD
Dont believe me?
Then consider the following:
1. Have you ever seen a day trading system publish a track record of real profits thats made in the market NOT a hypothetical simulation?
No neither have I.
Ask any vendor selling a system for a real time track record over the longer term and you will not get one.
How day trading system vendors make their money then?
These vendors are not stupid enough to trade the system themselves! They sell them, despite the fact the logic does not work and can never work.
They will take you money for the system so they win, then you trade it and lose, thats simply the way it is.
So why cant you win at day trading?
Its common sense really:
Volatility in daily and hourly frames is random.
Using daily ranges, support, resistance pivot points, or any other technical tool is a complete waste of time, as prices can go anywhere in a day and do.
The only individuals who look at daily ranges and consider them significant are day traders and their a very small losing minority of the millions of traders in the market.
Dont fall for the hype of day trading.
Its a fact that day trading system vendors dont produce real time track records as they are sensible enough not to trade their systems.
They know they lose money.
So why not write some worthy copy and make up a simulated hypothetical track record and make some money selling the system instead?
People who believe day trading works are either:
Stupid, naive or both.
Dont fall into the trap of thinking day trading will make you money it will not and if you dont believe me question for the proof of a real time track record of long term gains before you buy,
Article Source: http://www.articlesbase.com/investing-articles/day-trading-systems-how-to-make-big-consistent-profits-121390.html
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Keywords:
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