I always hear that day trading is a skill. Ok, well I have maxed out on numerous skills in my life in different domains. Put in the time and reps and you should win.
Although every skill I learned there was consensus where 90-100% of people agree this is the way to start. I don’t see that in day trading at all. In terms of strategy.
No consensus on:
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Risk:Reward inverse or not
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TA Strategy: PATs with indicators, PATs without indicators, Supply Demand, Trendlines, Order Flow, Fibonacci, Volume, Wyckoff, “the market represents human emotion and it’s always the same”, that’s a trap
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TA is good / TA is astrology
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Trading is a business? What business loses money 50% the time when it is in process. For businesses they really only lose money first few years till to build product/service, get product market fit and then are profitable during the running of it.
Literally 50/50 split on what people think. Not a single skill I have maxed has ever been a 50/50 split in what people think. Imagine 50% of holding a tennis racquet upside down. Or imagine 50% of people that code think a code editor is useless.
Convince me that Day trading is an actual skill and not some lucky streak?
My favorite phrase: “Just do what works for you”…
submitted by /u/Lanky-Ad4698 to r/Daytrading
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