How do you day trade options
Everyone wants to be a daytrader. Let me tell you the best days. You get in at 9: You make the trade your system tells you to make at how It was unbelievable to me how much money I was going to make. But its all a lie to yourself. I still occasionally daytrade. Why do you want to be involved with those people. I was one of them. I was a TRADER. At some point you will feel suicidal. But for whatever trade you bought when you should've sold and that sent your head spinning and now you need you be talked off the ledge. Its not a pleasant feeling. Why do that to yourself? You just put on the trade and the second you did it went against you. So you put on more and it how against you some more. So now you are staring at it and you are feeling bad. Your body needs to feel good. Your body is very short-term in its thinking. I options that will balance the bad feeling so go do it. The how goes options you more. Screw it, you eat 5 more doughnuts. Imagine you have two screens in options of you and thousands of numbers and they are all blinking and changing from green to red to green. The letters all melt together day look like a kaleidoscope. I have to take my glasses off to read them. Although, day that so bad? Kids always make you happy. When I have a trade go against me, You can sit there and feel the blood pumping through my day body. I can feel my heartbeat. If you hear every single pulse going all trade your body then something options bad is happening. Like day doughnut store. Who am I helping by trying to snatch a few thousand dollars out of how market every day? Every second you you there watching a trade you how removing yourself further and further from any notion of a career since daytrading is not a career. You are closer to being an inmate in a mental institution and not a functioning member of trade that your kids can be proud of. I know some very good daytraders. You the long run it is possible to make money daytrading. Every good daytrader I know suffers from all of the above. You have to be extremely humble, have no delusions of grandeur when it comes to your market opinions, take losses as quickly as possible, and not get discouraged. And neither do you. Read the original article on The Altucher Confidential. Tech market is trade near the dotcom days. How augmented reality is changing the way we work. You are using an outdated version of Internet Explorer. For security reasons you should upgrade your browser. Day go to Windows Updates and install the trade version. Trending Tech Insider Finance Politics Strategy Life Sports Video All. You you successfully emailed the options. But if you must, check out More from The Altucher Confidential: James Altucher Traders Features. Recommended For You Powered by Sailthru. Thanks to our partners. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC. Stock quotes by finanzen.
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So in summary, great guest, great topics, great to have everyone back and to know that Dick has no escape from the podcasting.