Money Forum World Chat about anything that's money related    FAQ   Search   Memberlist   Usergroups   Register   Profile   Log in to check your private messages   Log in  Do I must be good in math to day trade?          Money Forum World Forum Index -> Stocks Author Message H2wood Joined: 08 Nov 2007 Posts: 2081 Posted: Tue Dec 11, 2007 5:27 am    Post subject: Do I must be good in math to day trade? It helps. but I guess as long as you may be able to add positive numbers your profit and negative numbers your losses, you may want to be able to know at the end of your 1st day if youre earning money or losing your shirt. Back to top Jared Chang Joined: 08 Nov 2007 Posts: 2086 Posted: Tue Dec 11, 2007 5:27 am    Post subject: Do I must be good in math to day trade? Math is important, regardless what you do. It surely boosts your success rate. Back to top Bimmer Joined: 08 Nov 2007 Posts: 2104 Posted: Tue Dec 11, 2007 5:27 am    Post subject: Do I must be good in math to day trade? Day trading is high risk, be cautious and read about technical analysis if you want to start. Short term trading is frequently influenced by technical breakouts or news driven event s . I could not risk much capital to start and be sure every trade you enter, you have a plan in place. In other words, recognize your exit price for a get and a loss and stick to your plan. Losing a little money keeps you in the game. Holding on to a loser can compound the problem. Back to top Mr. Cash Joined: 08 Nov 2007 Posts: 2161 Posted: Tue Dec 11, 2007 5:27 am    Post subject: Do I must be good in math to day trade? Yes but not the advanced math. Addition, subtraction, and multiplication should come easily to you, since you'll be obliged to make snap decisions and examine data that's constantly changing. Back to top CWooten Joined: 08 Nov 2007 Posts: 2034 Posted: Tue Dec 11, 2007 5:28 am    Post subject: Do I must be good in math to day trade? No not unless you want to be a GOOD day trader Back to top Barbra Bentley Joined: 08 Nov 2007 Posts: 2116 Posted: Tue Dec 11, 2007 5:28 am    Post subject: Do I must be good in math to day trade? Not if you start with enough money. Lets say you have twelve million dollars to start with. If you may be able to hold your losses to $100,000 per week or less, you could day trade for ten years or more before you had to learn something about math. Back to top Alberta Joined: 08 Nov 2007 Posts: 2109 Posted: Tue Dec 11, 2007 5:28 am    Post subject: Do I must be good in math to day trade? No. Back to top Display posts from previous: All Posts1 Day7 Days2 Weeks1 Month3 Months6 Months1 Year Oldest FirstNewest First         Money Forum World Forum Index -> Stocks All times are GMT Page 1 of 1

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