A lot of day traders are greedy, they trade the market with strategy but they don't have limits, their goal is to make daily profits not minding the condition of the market and as a result of that most of them end up losing huge amounts of money in the long run. I see day trading as a greedy game and the constant need to always check the charts is very stressful. At the end of the day what we say about this doesn't really matter to people that are interested in this type of trading, it is all about doing whatever you think is profitable for you. I think this has more to do with the psychological aspect of a day trader. Their brains are constantly being challenged to read and analyze price movements to maintain profits. Therefore day trading can be mentally exhausting. I've been in that position myself and it actually feels more stressful than peaceful both financially and mentally. The amount of "focus" they need is insane, because if you lose focus even for a second, you could make a big mistake and lose money. This isn't as big of a mistake as some surgeon who loses focus lol, it's just money that you are losing here, but you still need to be very focused. And there is no "oh shuck it, might as well" type of trade you could make, like if it is not the ideal trade that fits your system and strategy then you can't do it. It means unless you catch one, you have to wait and hope that it works well for you. If you do not do that then you are not going to end up with the best of the returns. This is why it's such a very low situation that may not be the best situation for you and many people make a lot of mistakes because of it.
A lot of day traders are greedy, they trade the market with strategy but they don't have limits, their goal is to make daily profits not minding the condition of the market and as a result of that most of them end up losing huge amounts of money in the long run. I see day trading as a greedy game and the constant need to always check the charts is very stressful. At the end of the day what we say about this doesn't really matter to people that are interested in this type of trading, it is all about doing whatever you think is profitable for you. I think this has more to do with the psychological aspect of a day trader. Their brains are constantly being challenged to read and analyze price movements to maintain profits. Therefore day trading can be mentally exhausting. I've been in that position myself and it actually feels more stressful than peaceful both financially and mentally. The amount of "focus" they need is insane, because if you lose focus even for a second, you could make a big mistake and lose money. This isn't as big of a mistake as some surgeon who loses focus lol, it's just money that you are losing here, but you still need to be very focused. And there is no "oh shuck it, might as well" type of trade you could make, like if it is not the ideal trade that fits your system and strategy then you can't do it. It means unless you catch one, you have to wait and hope that it works well for you. If you do not do that then you are not going to end up with the best of the returns. This is why it's such a very low situation that may not be the best situation for you and many people make a lot of mistakes because of it.

A lot of day traders are greedy, they trade the market with strategy but they don't have limits, their goal is to make daily profits not minding the condition of the market and as a result of that most of them end up losing huge amounts of money in the long run. I see day trading as a greedy game and the constant need to always check the charts is very stressful. At the end of the day what we say about this doesn't really matter to people that are interested in this type of trading, it is all about doing whatever you think is profitable for you. I think this has more to do with the psychological aspect of a day trader. Their brains are constantly being challenged to read and analyze price movements to maintain profits. Therefore day trading can be mentally exhausting. I've been in that position myself and it actually feels more stressful than peaceful both financially and mentally. The amount of "focus" they need is insane, because if you lose focus even for a second, you could make a big mistake and lose money. This isn't as big of a mistake as some surgeon who loses focus lol, it's just money that you are losing here, but you still need to be very focused. And there is no "oh shuck it, might as well" type of trade you could make, like if it is not the ideal trade that fits your system and strategy then you can't do it. It means unless you catch one, you have to wait and hope that it works well for you. If you do not do that then you are not going to end up with the best of the returns. This is why it's such a very low situation that may not be the best situation for you and many people make a lot of mistakes because of it.

A lot of day traders are greedy, they trade the market with strategy but they don't have limits, their goal is to make daily profits not minding the condition of the market and as a result of that most of them end up losing huge amounts of money in the long run. I see day trading as a greedy game and the constant need to always check the charts is very stressful. At the end of the day what we say about this doesn't really matter to people that are interested in this type of trading, it is all about doing whatever you think is profitable for you. I think this has more to do with the psychological aspect of a day trader. Their brains are constantly being challenged to read and analyze price movements to maintain profits. Therefore day trading can be mentally exhausting. I've been in that position myself and it actually feels more stressful than peaceful both financially and mentally. The amount of "focus" they need is insane, because if you lose focus even for a second, you could make a big mistake and lose money. This isn't as big of a mistake as some surgeon who loses focus lol, it's just money that you are losing here, but you still need to be very focused. And there is no "oh shuck it, might as well" type of trade you could make, like if it is not the ideal trade that fits your system and strategy then you can't do it. It means unless you catch one, you have to wait and hope that it works well for you. If you do not do that then you are not going to end up with the best of the returns. This is why it's such a very low situation that may not be the best situation for you and many people make a lot of mistakes because of it.