I am a Day Trader who’s only breaking even. Has anybody tried Day Trading robots? Does it really work?
October 16th, 2009
I have been working on my day trading system for about 2 years. Fine-tuning it. I am a committed and patient person but I gotta have a new "strategy" because overall, I just break even. Compared to some of my day-trading friends, that is not bad. But obviously not enough for a living! And it is not because my 5 or 6 day trading buddies struggle that I have to struggle too.
I have heard of day trading robots and I was wondering if they really work. I am willing to try if some people give me genuine, good feedback.
Thank you for your honest, most substantiated answers!
Any else has tried http://www.day-trading-profits-now.com ?
What do you think of that video? It’s intriguing, isn’t it? Why not give it a shot since they guarantee your money back if it does not work?
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Tags: Break, buddies, day trader, day trading, Day Trading System, Friends, money, Money 98, patient person, Profits, quot, Robots, Struggle, substantiated, Tuning
Hello Mark,
There are some good robots that MAY help you. Some are scam. Others are for real.
Simply put, a day trading robot is a program that attempts to take the guess work out of trading stocks. Currently there is a lot of information floating around the internet about these products. Like any other tool, it needs to be used properly in order to be most effective. You need to understand a little bit about how it works and where it is best applied. But you have some experience.
A robot is a computer or computer program that monitors stocks and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify stocks that meet certain criteria, or when certain stocks perform in a certain way. Most of the selling points of robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. While they can be very profitable, they may require a certain amount of intervention to be run effectively. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.
For this automatic approach, this website has worked wonders for me: http://www.day-trading-profits-now.com. After a few weeks of getting used to it (yes, it takes a while to set up a satisfying routine … satisfying AND rewarding ;-)), it has really delivered for me.
I must say that I had been watching the day trading robot market for months, waiting for the right software to come out. I believe I have found a great one.
Good trading!
I am a Day Trader who’s only breaking even.
That puts you WAY ahead of 90% of day traders.
The ONLY people that make ANYTHING long term from day trading are NOT day traders. They SELL systems TO day traders.
I’ve tried buying stocks
3 times in the past year.
I became a day trader, because I sold by the end of the day, I had lost so much.
These are rough markets.
Consider yourself brilliant for breaking even.
/
Try going from "day" trading to just trading. That stock that you sell at EOD because entire market is down, may recover tomorrow and be profitable the day after. So extending your trade fro 1 day to a week may give you the flexibility you need to be profitable.