(Some personal and random thoughts on day trading (from 2013) – by Oddmund Groette) I love day trading! I have day traded for over twelve years and I still like what I do. Actually, I love it! Day trading is some kind of addictive. I need my daily shot with research and trading. My day…
In the midst of a speculating frenzy and the madness of crowds, it’s easy to get trapped in the belief that day trading is easy money. Survivorship bias and glamorous pics in social media make us blind to the low probabilities of making it big in day trading. The fact is this: What percentage of…
Is day trading a good idea? At odd intervals, usually after the markets have risen for an extended period of time, day trading seems to get a lot of attention. 2021 seems to be one of those years. And we can’t blame people for dreaming about day trading: the markets seem to go only one…
How to succeed in day trading can only partially be taught. In this article, we briefly discuss how you can minimize the hurdles to become successful. To succeed at day trading, we believe you need to be systematic, detailed, and quantitative-oriented. How can you become a profitable day trader? How to succeed in day trading?…
Why day traders fail boils down to at least 12 reasons. This article explains why day traders fail and what you can do to survive and perhaps even prosper. Why day traders fail is mostly because they don’t understand the ecology of the markets, have no game plan, trade too big, and don’t know their…
During my twenty years of trading, I have learned that the best recipe for success is to follow and execute my trading plan. The cost of second-guessing my written trading strategies shows why you need a trading plan. In this article, I provide hard facts about how my second-guessing and discretionary trading reduce my profits….
How to make money day trading doesn’t have an absolute answer. However, How I made money day trading might offer some clues on how you can go about it. Day trading is fast-paced and gives an adrenaline rush. It offers the possibility of making a lot of money in a short amount of time if…
I like to keep good records of my trading. It’s tedious and sometimes boring to record data, but usually, your broker/clearing firm has a lot of interesting data. This morning I had a look at some random numbers from my clearing sheets (I also wrote about this in July): Win ratio long trades: 56%…
I have previously written some articles about the possibility of making money day trading: My Numbers 2002-May 2012 Automated Trading Tuco Trading From mid-2011 until mid-2012 I was going through a tough time trading. I hardly made any money. At the same time, I was moving to a foreign country and I had a lot…
I have previously written one article about the possibility of making money in daytrading: Is It Possible To Make Money Day Trading? My numbers July 2012 – July 2013 Is It Possible to Make Money Day Trading? Can you make money day trading? (My numbers) Is It Possible To Make Money Day Trading? Part 2:…
My experience is that the most boring stocks are the best for day trading. Many day traders are thrill-seekers, which is too bad because I think the best stocks are the most boring. This is a little bit like low volatility factor investing: over many decades the best stocks have proven to be the “boring”…
In day trading, what are the returns in the first hour, middle of the day, and in the last hour? I have lately broken down the trading day into performance during the first hour, the middle of the day, and the last hour. Previously I have written two articles about when SPY establishes the high…
I have previously written two articles about when SPY sets high and low during the day: Which Trading Hour Is The Best? When Should You Buy And Sell During The Day? At what time of day sets SPY high and low? Intraday high and low in SPY by weekday I’m trying to find something tradeable…
Some days ago I wrote about a new day trading strategy I have implemented. This morning I had a second look at it and decided to test it using some of the stocks I did not pick for my portfolio list. I simply picked 31 random stocks out of the 365 stocks remaining (I had…
Over the last several months I have been looking into a new potential day trading strategy. This one looks into more illiquid stocks and therefore I won’t reveal the strategy: It’s simply not enough volume for many traders to trade the same. So why do I bother to publish it? I would like to show…
I am a Norwegian living in an obscure former Soviet country but are mainly day trading US stocks. Why would I day trade US stocks? In this article, I give you five advantages of US stocks compared to other countries. Why I day trade US stocks There are several reasons. Here I will mention what…
Please read the first part first: Is It Possible To Make Money Day Trading? My numbers July 2012 – July 2013 The market changed quite dramatically from 2011 and I have yet to cope with that. I struggled in the first half of 2011, and in June 2011 it got worse when Echotrade planned to…
I get a lot of e-mails about day trading. The typical question is: Is it possible to make money day trading? Can you make money day trading? How to succeed in day trading? My simple answer is yes, of course, it is possible to make money day trading, I have done it myself and made…
One of the advantages of making a living investing in stocks is that you can live wherever you like. However, when you move abroad you might face tax problems if you reside in another country. Almost all countries force you to become a tax resident if you spend more than 183 days in the country….
Day trading is popular and many are dreaming of striking it rich. The chances of striking it rich should be better than ever before, right? Free commissions, crypto trading, plenty of news, bell, and whistles make sure of that? You can even put up much less money than if you do swing trading or long-term…
