DAY TRADING THE NANO NANO
roger green, Investor
Saturday, March 19, 2016
trading or investing ( we want gains under any title ), okay no problem long term, just invest in some dow 30, ( fundamentals are always good for growth hence the listing in the 30) use some longer term MA crossover and you have gains,
nowadays people tend to think of gains on a short term basis, (markets can move in a day or week, which way back when took months or years, so maybe the thinking is, who want to wait years !))
for short term gains in markets full of cash and credit rich market players who can move prices in a nano nano, gains can be achieved
in all spheres mindset is crucial, but short term income producing in the stockmarket, requires a reverse mindset from what we are not accustomed to in a capital driven world,
even in a bricks and mortar business which is losing money, you still see the asset etc until it gets taken away from you, in the stockmarket you have money in your account, you have a loser and blip money is gone from you account, and nowadays you do not even have a paper certificate to use as wallpaper on the bricks and mortar, for most this is very difficult to accept
my own personal exp would suggest, that perhaps one may start with some funds solely to educate yourself and expect to lose all the funds, mind you, not much $10K - $20K, here is a 21st century market advantage, eveyone can use the NYSE open book, ECBOT etc, become a price maker and taker, you learn how markets actually work, very quickly,
short term price makers with cash or credit make the trend !. after your education when you have a min $100K cash in your account which can be leveraged 3/1 or more for NYSE stocks, with 10% daliy limit moves from the open price , you can put your education to work for gains
become a price maker, for me no other option is viable short term, and do not forget the competition, otherwise long term is a very good option