So You'd Like To Day trade Or Not : Powerful Strategy

So you’d like to earn your living DayTrading?

 

You have all heard the stories of losing DayTraders running down the streets shooting people?

 

During the heady .com days prior to 2001, (when Bush became president,) there were stocks, 3 or 4 times a week that went up from 30 to 200% a day.

 

It was possible, if you knew what you were doing, to check before the market opened to see which stocks were running in real time and why.

 

And, if you then had a fast electronic brokerage system you could dive into the market, buy a bunch and sell them the same day.

 

About 1% of people doing this consistently made money.

 

I saw one private individual make a million in one day shorting Corel. And then there was somebody who lost a bunch hanging on too long to the WWWF IPO.

 

As a matter of fact the bottom line is that if you take inflation into account you’d have been better off putting your money in an old sock since 2001.

 

So what to do?

 

Give up on the Stock Market let alone give up on DayTrading?

 

Don’t give up on the Stock Market, if you use the right system which is a simple set of formulas you can still make 30% or more on your money annually.

 

Using this simple system $11,000 left in the market for 17 years would be worth more than one million dollars today.

 

But it is not DayTrading and you still would need a strong stomach to sit out these 17 years, because some of those years would give you negative returns.

 

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