Most of my trading been in self directed 401k llc, when you don't have to pay taxes....it accumulates. And I believe I don't have to start drawing on it till 73?
Hello mervyn, Luck has nothing to do with day trading and getting rich. Only skills is needed. Making 8 figures in day trading is NOT hard at all. NO luck is required.
Definitely day trading. You have much more control of all the variables and elements and expectations. Swing trading is like watching and betting on a football game that lasts 2-3 weeks or 2-3 months long.
Making 8 figures in one day by day trading? How do build a 5,000 or 10,000 ES lots position for a day trade so you can make 8 figures in one day? When there are only 100 lots on the bid and ask. I mean you can be patient and try and build a larger position but what about in fast markets..
This is mistake, I meant to write "Making 8 figures in year trading is NOT hard at all. Luck has nothing to do with it"
Swing trading is like watching and betting on a football game that lasts 2-3 weeks or 2-3 months long while the team you are backing has an edge in accumulating goals.
With day trading you can surgically dissect the market with a scalpel, if you truly understand it. With swing trading it's more like blunt force trauma with a baseball bat while drunk and blind folded in a dark room trying to kill your target and hoping for the best result