Day Trading Signals
What do you think about day trading signals?
Let me answer a question with a question. Do you want to learn how to become a day trader or do you want to be an order taker?
When you rely on entry and exit signals from a program or a company, you are simply taking orders - you are not learning how to determine where to get in and where to get out yourself. You are not evolving as a trader.
Why do people so desperately look for trading signals then? Because they want to have their cake and eat it too. Many of these signal lovers want to be told what to do, but also want to feel in control. Placing the orders makes them feel like traders, but the day trading signals give them a fake sense of security - since they are acting on "professional" or "privileged" information.
When you are day trading, you need to react on information in an instant. When you are waiting for a signal before buying or selling, there is a reaction delay that can cause you to leave some money on the table. Furthermore, if the day trading signals you are relying on are so great, why doesn't the company that sells them to you offer them as an automated package? Why would the signal company reduce the effectiveness of the signals by allowing you to press the trigger and possibly mess everything up? It's silly.
Don't rely on signals for day trading. Learn how to trade completely if you want to do it yourself; if not, qualified investors may want to consider the day trading robot.
Back to trading education.
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