94% of day traders do not make it.


I know because I was one of them at the start.
Here is what they all get wrong.
At a day job more hours = more money.
They carry that mindset into trading.
More trades = more money.
It is the complete opposite.
A day trader buys a 10-day call option.
That contract loses 10% of its value every single day the stock does nothing.
Your direction has to be right.
Your timing has to be pinpoint.
You have to know what Trump is going to tweet.
You cannot know any of that.
Nobody can.
I buy 1-2 year LEAPS on quality companies below intrinsic value.
Earnings per share has 2 years to grow.
Timing does not have to be perfect.
Direction just has to be right.
Boring. Consistent. Works in bull markets and bear markets.
That is the difference between a day trader and a long-term investor.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin