The research paper titled “Can Day Trading Really Be Profitable?” by Carlo Zarattini and Andrew Aziz delves into the profitability of day trading, particularly focusing on the Opening Range Breakout (ORB) strategy. The study spans from 2016 to 2023, covering periods of bear markets and abnormal volatility events. The primary objective is to investigate whether…
In the midst of a speculating frenzy and the madness of crowds, it’s easy to get trapped in the belief that day trading is easy money. Survivorship bias and glamorous pics in social media make us blind to the low probabilities of making it big in day trading. The fact is this: What percentage of…
(Some personal and random thoughts on day trading (from 2013) – by Oddmund Groette) I love day trading! I have day traded for over twelve years and I still like what I do. Actually, I love it! Day trading is some kind of addictive. I need my daily shot with research and trading. My day…
While trading price bar patterns may not be a robust trading approach, within the right chart context, it is possible to create robust signals. This is true for the outside day price pattern, which is quite popular among price action traders. Wondering what is the outside day trading strategy? An outside bar strategy is a…
Is day trading a good idea? At odd intervals, usually after the markets have risen for an extended period of time, day trading seems to get a lot of attention. 2021 seems to be one of those years. And we can’t blame people for dreaming about day trading: the markets seem to go only one…
How to succeed in day trading can only partially be taught. In this article, we briefly discuss how you can minimize the hurdles to become successful. To succeed at day trading, we believe you need to be systematic, detailed, and quantitative-oriented. How can you become a profitable day trader? How to succeed in day trading?…
Why day traders fail boils down to at least 12 reasons. This article explains why day traders fail and what you can do to survive and perhaps even prosper. Why day traders fail is mostly because they don’t understand the ecology of the markets, have no game plan, trade too big, and don’t know their…
The Cost of Second Guessing Trading Strategies (Why You Need A Written Trading Plan and Log) During my twenty years of trading, I have learned that the best recipe for success is to follow and execute my trading plan. The cost of second-guessing my written trading strategies shows why you need a trading plan. In…
How to make money day trading doesn’t have an absolute answer. However, How I made money day trading might offer some clues on how you can go about it. Day trading is fast-paced and gives an adrenaline rush. It offers the possibility of making a lot of money in a short amount of time if…
I like to keep good records of my trading. It’s tedious and sometimes boring to record data, but usually, your broker/clearing firm has a lot of interesting data. This morning I had a look at some random numbers from my clearing sheets (I also wrote about this in July): Win ratio long trades: 56%…
