Day Trading in Canada
Day Trading is though of as a high risk investment strategy that resembles a casino where the house or market always wins and strips profits away from even the savviest of investors. Only a short time ago if you openly admitted to playing the stock market as a day trader you would be shunned by the Wall Street Elite and black labelled ‘Gambler.’ For the most part, this term may be accurate; however, there is a small percentage of the Day Trading populous that wins time and time again. Within this group some of the most successful trades ever in the history of the stock markets. Are they just inherently lucky? Are the members of this small group psychic? Or do they just understand something fundamental about the markets that even the biggest most World Renown investors overlook?
After reading a number of books written specifically about day trading I have decided to employ a number of the premises presented to see if these methods can be replicated successfully. The strategies I intend to employ will be very basic and easily adaptable for any investor. Over the next month I will day trade from market open for roughly 1 hour each day with $10,000 Canadian of fake money. If successful, by successful I mean averaging at least 0.25% profit per day, I will begin to trade with real cash. The detailed results of my trades will be posted on this day trading blog and I will discuss the strategies used everyday including what worked, what didn’t, and much more.
