Day Trading ONLY because you can!

New to trading. Then don't start with short time frames and what is commonly called
day trading, its to hard to learn. You don't need to expose yourself to the risk.
Instead start with longer time frames until you understand the movements of the bars.
I know this may run off some of you that want to be day traders but you must be warned.
Shorter time frames are much faster and require quicker decisions and new traders
don't need this pressure. Also you probably have not been trained or have not learned
the financial side of the business. And yes trading must be treated as a business formal paperwork (chart analysis is not the only paper either) must be used while trading. Logs, diaries ect. So while your (honing)developing your skills to become a day trader get yourself a good book about money management from Van Tharp.
Seriously day trading has almost cost me a marriage and I have probably spent a least
one of my kids college educational funds on it so take your money that you were gonna
put into an account to start day trading and go give it to your wife or charity or
any thing because you will not beat the professionals at their game, guaranteed.

I know some of you will be stubborn and just have the need for speed or the action
and will want to become day traders. After all it happened to me so if you must
then follow my posts and watch my web site as it unfolds. I will get you to professional day trader status as soon as possible and keep you from getting
eaten by the sharks.

Until next time.
Jeff