Thursday, July 2, 2009

Why day trading has been so hard

Dr. Brett has quantified something that I have felt lately: the market has been gapping up and down on the open and the daily changes throughout the trading day have been muted. This makes trading positions intra-day very difficult if not impossible.

I would add that most of the daily change has been in the first 1/2 hour which leaves the rest of the day to listen to the crickets.

Because of this, I have pretty much refrained from day-trading and almost exclusively doing swing trades now.


  1. shhh... I think brett is kind of an idiot, a guy playing randomness against risk management..

    or random Walk Vs risk management.

    for them it's hard. and for a "Psychologist" for him to not recognize how behavioral the market is..

    and for the day traders who just play intra day... My ass doesn't bleed for those fucking Punters. They need to learn what the hell they are doing instead of ... being the chickenshits of trading and the bane of investing.

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