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<title>Latest Comments about Day Trading for a Living</title>
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<description>The latest comments on Day Trading for a Living</description>
<pubDate>Fri, 04 Sep 2009 23:23:18 -0700</pubDate>
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<title>Comment by Rangerdoc</title>
<link>http://www.traderinterviews.com/idealab/entry/view/day-trading-for-a-living#c137</link>
<description><![CDATA[IMO, You can't anticipate those sudden moves. Sometimes you might be able to anticipate that a move is imminent, but as to which direction it will breakout is a crapshoot. Your only hope to profit from these moves is to develop a system that allows you to capture those moves without anticipating them. in other words... assuring that you are already in, and for as long as possible once those moves occur & that you are out as quickly as possible when those moves occur against you. <br />
You may be able to skew the odds slightly in you favor by learning to accurately read price action, but for the most part you are seeking the impossible, especially if those fast moves are created by moments of irrationality or program trading. <br />
Of the truly successful traders I know, If I were to ask them which way price is going, they would all reply, "I have no idea".]]></description>
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<pubDate>Fri, 04 Sep 2009 23:23:18 -0700</pubDate>
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