Day Trading System

What is the best day trading strategy?

If it was only that easy! Let me ask you a question, "What is the best toothpaste?" Hmmm??? Think about it.

When you go to the grocery store, there are a lot of brands to choose from - but what particular toothpaste is the best. The answer is, "there are many that are good." Because you cannot determine what "thee best" toothpaste is does not mean that you are going to stare at the endless choices in front of you for hours and never make a decision. At the end, you need to buy "a" toothpaste because you need to brush your teeth.

In day trading, the same thing applies. There are many day trading systems. It is true that many bad ones abound, but there are also many good ones. Trading is not about finding the "best" system; it is about using a logical strategy with clearly defined entry and exit points as well as proper money management techniques.

If you are on an endless quest to find the perfect day trading system, I think one of a few things will happen:

A) You will never trade because you cannot find what doesn't exist.

B) You will never be an effective day trader because you will constantly be hoping from one system to the next before you have time to master any strategy (again because you are looking for something that is inexistent).

C) You will be a favorite target of so-called "experts" who are more than willing to sell you an expensive seminar or software that have all of the "secrets" of trading.

I do have to admit, most new traders frequently ask about what the "best system" is.

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