day trading is an enigma.
investing calls every new trader but none goes there first.
many never go there.
all come pulled towards day trading like hypnotised souls.
this write-up is for those souls
who want to live and die with their obsession
the day trading.
if day trading is a vault of wealth
here are the 6 passwords to open that vault.
--------------------------
password 2 = "write"
there is nothing right
nothing wrong
in day trading.
all morality, righteousness, should, would and could
are taken care of
and neutralized
within one minute
of the day's opening.
the gap up or gap down eats up
all pressure of the accumulated overnight developments.
the real drama starts thereafter.
95% of the day-trading money
is in the hands of just 2% of the players.
after the opening
a game is triggered by the "big pockets"
which seems to have nothing to do
with the weekly theme being played in the market.
despite the fact that it always stays within those boundaries.
afterall the smart money is not fool money!
i have seen that majority day-traders are trapped
and stay trapped
wondering why the obvious is not happening!!!
the rope of being right
gets them butchered.
they fail to see
that if 'the right' keeps happening
nobody makes money
as everyone knows what is right!
the should and could never would
in day trading!!!
what is happening is the reality.
what should happen is the trap!
don't be caught in the dilemma of right or wrong
be on the right side of the trend.
more and more day traders are opting for options.
they buy cheap options
written (sold) at unlimited "risk" by smart money.
smart money has the money power to control
accumulation and distribution game.
this is the reason
why the option (whether call or put) on the top of the traded-volume chart
is the wrong way for that time for that day.
if you are with the trend
then you are right
even when you are "wrong".
"right" is not right in day-trading
"write" is right.
stay with the trend.....whatever.
no if, no but.
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