Life as a day trader is easy

In many cases it is just a matter of attitude and a structured investment approach!

How difficult trading is depends entirely on the investor. Because the real thing Trading is basically not difficult: You buy cheap and sell as expensive as possible. No matter what product it is ultimately. As easy as the principle seems at first glance, the greater the pitfalls behind it. Find out which ones in our two-part series:

1. Wrong ideas:

Perhaps the worst error in day trading lies in the assumption that a good trader mood or a good trade can be reproduced endlessly in this form. True to the motto: "I did that once, now nothing can go wrong!" You may be familiar with the famous "milkmaid bills" that an inexperienced trader makes after his first successful deals. And which DayTrader has not yet opened the calculation of how many trades are still missing from the current performance up to the first million?
Possible market fluctuations, seasonal weaknesses or simply wrong personal decisions are ignored. In a nutshell: losses. Because they are just as much a part of trading as profits.

What I think about it as the author of An asymmetrical view is the main problem with continuous performance. The best trader combines feelings and objective approaches into one comprehensive decision. I have not yet seen an excellent trader who trades with feelings. Even less have I seen an excellent application of traditional indicators or charts that produce at least an average satisfactory profit.

First, shift your thinking to a neutral point of view. For example, you need a decision trigger as to where the market is going and then focus on one direction. My statistically calculated X5 analysis gives you the most likely trend direction every day. So you already have an objective trend meter for every day. This is the only way to achieve the necessary continuity in trading and earnings.


2. Income continuity:

Anyone who can show very good deals a few times is either good or just has a lucky hand. Especially if you want to earn a living with day trading, then the performance of individual trading days is far less important than that of the entire month or year. And if you start right away with the necessary start-up capital and the right attitude, then a performance of several hundred percent is not even necessary.

What I think about it as the author of Don't measure your performance every day. You are therefore subject to large fluctuations in your feelings, which can have a negative / positive or irrational effect on the next trade. For this I have developed my personal set of sentiments. This reads: "Every day is X5 day". This makes it much easier for you to endure wins and losses because the X5 model has a high statistical hit rate. A single day of loss does not matter. If you can't find a start, you won't be there for a day.


Newsletter from

Don't leave anything to chance when it comes to your money! Don't miss any in the future either Tips and secrets about the stock market and trading !


3. Strategies:

You should be using a clear strategy go to the market! This not only applies to the products you trade, but also to the type, scope and objective. On the one hand you go to the market with a winning mentality, on the other hand you set yourself realistic limits and calculated stops. Separate your risk and investment capital. Venture capital shouldn't make up 80% of your total capital. Invest moderately within the risk portfolio and in fixed position sizes so that you can withstand losing stretches.

Of course, nobody likes a straitjacket and to act completely free of emotions is also very difficult. Allow your mind the necessary freedom so that you don't lose the joy of trading at some point in the long term. However, the basic rules should always remain objective! No matter how you feel on the respective trading day and what the market conditions are. Otherwise, your investment strategy is no different from the of a gambler.

What I think about it as the author of I myself rely exclusively on my 4 DAX models. The basic direction falls and stands with the models. With the high probabilities of the models, I basically can't go wrong. So it's about getting into the market as well as possible. An entry should either be set with limits in advance and countercyclically. In the case of fresh model signals, however, one can act pro-cyclically.

In the second part of the series on the topic: "Can you make a living from DayTrading?" Next week you will receive three more important food for thought that will bring you closer to personal independence. Subscribe to the newsletter today so you don't miss anything!