Who can make money in day trading?

Everybody comes into the “Trading World” with the hope that they can make millions in a few days.


Truth is there is no business which will give such money without proper knowledge, hard work, and experience.


Technical reasons for failing in day trading are lack of a trading plan, not using stop loss, no technical knowledge and lack of risk management.


Apart from these people who trade for the emotional thrill, for entertainment and with the dream of making millions lose money.


There is also another category. People who have a day job, trade in between their work and lose money as trading needs proper attention and alertness.
Trade with proper knowledge and when you can treat trading as your first priority. Be mindful and always give your best to get success in trading!


Just one comment from my side too:

If one is good at charts, it does not matter at all which timeframe one trades.

However, the decision on lower TF is instigated by the higher TF.

One just has to trade High Probability Setups with enough quantity to scale out at R levels.

That’s all I do.

If one struggles at lower TF then it’s OK, he can have fun on some other TF at which he/she is comfortable.