Why Daytrade?

Anonymous said
Why not trade for wealth instead of daytrading? Swing trading can make way more money than a few cents every day and watching all the time.

Brian Shannon said…
Good question, it all depends on your personality and the personailty of the market. Right now, the market is too volatile for me to buy stocks for a swingtrade timeframe. When there is less overall volatility, swingtrading is my preferred strategy. The current market environment is excellent for daytrading, view my order book from today in the image to the left. Besides, trading the markets is what I do for a living and if I see intraday opportunities I grab them when I can, and if I think they will continue to move in my favor I will hold them. This is why I prefer to daytrade on a day like today. I made $1495 profit and went home flat. Click the image to enlarge.