I have tried many many things including trading stocks, options, index/commodities/currencies/fixed interest futures, spot forex, bonds position trading, swing trading on various instruments, pre opening trading, outright, spreading here and there and everywhere etc etc etc way before computers were available for home use. All didn't work out for me except day trading futures. So this is the only thing I do for trading. Also I don't like trading stocks as there is no leverage. I hate zero leverage. I love futures because of high leverage. for some, it is the other way round. different people have different capability, interest, limitations AND subconscious mind. so we have to explore and see which best suited us.
The secret to day trading is To be totally unable and unwilling to predict what is going to happen next. so your trade plan should be designed based on these points.
Maxinger means that you have to respect the stop, however you have to have an understanding of the volume in several time frames to know what the price can do next.
Understanding the volume and respecting the stop can be the holy grail, but it is not easy, I have not yet achieved it.
What part of "To be totally unable and unwilling to predict what is going to happen next." didn't you understand?
the fact of opening the postilion in certain direction is in itself the prediction by the trader of what is going to happen next and the "next" is within the scope of played time-periods (within which the trader's predictions carry some weight and make most sense in terms of its risk /reward ratio) the better the trader the often his predictions come true