Thread: Day trading...
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Old 09-09-2011, 05:08 PM
portfolioGURU portfolioGURU is offline
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Join Date: Sep 2011
Posts: 4
Default Re: Day trading...

The playing field for day trading (specifically in and out of a position in a given day) is not level. The HFT guys have the supreme advantage and will take your money. There is little transparency into where prices actually are at any given 1min or less interval and therefore you are essentially driving blind.

I recommend swing trading or looking out the time interval to daily or weekly periods. This means you would be in and out of a trade in as little as a week, as much as a year or two.

There are also services which are experts at managing portfolios and finding trades by utilizing algorithmic trading programs. This way you don't have to spend all the time learning the technique, you can just follow the service or have the service trade for you. One such service is PortfolioIQ. They are excellent and relatively inexpensive. See their website for more information.
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