Day trading is not gambling it is however a FOR SURE way to be parted with your money if you have not studied long and hard the tricks of the trade. There are many fine books on the subject and one called "High Probability Trading" would be great one to start with as it deals with your emotions as a trader for one. You cannot let emotions like "greed and fear" control your decisions or you won't be in the game very long. Almost every day trader goes through a period of learning from mistakes which is known as the "tuition period" because you are certain to lose a lot of money. It is practically guaranteed! (continued) |