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As far as I am concerned there is only one way to find the best day trading system and that is to ask the owner of the service to show you a real time track record, by this I mean how many actual dollars the system has made on the open market for the seller. These figures should extend over a reasonable time scale, preferably at least two years worth of trades need to be shown.

I’m afraid to say that if you ask for such a real time track record chances are you will not get it. Why? Because most day trading systems flat out do not work, it’s that simple, I’m sorry to be the one to have to break this to you but I’m afraid… Continue reading

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I was reading an article today which maintained it is not possible to make money day trading. Naturally this piqued my interest because I day trade for a living and last time I looked I was doing OK.

The article began by making the very valid point that the vast majority of day trading articles are not written by traders at all, but rather they are written by people marketing systems with hypothetical track records created with the benefit of hindsight.

That is absolutely true.

It is equally true of articles about every other trading style in commodity futures, stocks, forex and options. Whether it is covered calls, trend following with our extra special absolutely never seen before new indicator, swing trading, pairs trading, spread trading, or selling naked options… Continue reading

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