Your only as good as the assets you trade
This is just a short blog post of a much longer idea!
In a recent post we spoke about focusing only on assets that are in play for the day, even tough with day trading you can still make solid profits, especially on the tick charts, trading ranges, a trend will generate you much bigger and more importantly, easier profits.
This is why it is vital to focus on assets which could generate momentum, because at the end of the day in day trading you are only as good as the assets you trade.
Below you will find a chart of NASDAQ (left) and a chart of XAUUSD (right), one has moved significantly upwards while one was stuck in a whipsaw range which ended up breaking to the down side towards the end of the day on December 31st.
Choosing to trade XAUUSD would be much easier to make a profit.
In a recent post we spoke about focusing only on assets that are in play for the day, even tough with day trading you can still make solid profits, especially on the tick charts, trading ranges, a trend will generate you much bigger and more importantly, easier profits.
This is why it is vital to focus on assets which could generate momentum, because at the end of the day in day trading you are only as good as the assets you trade.
Below you will find a chart of NASDAQ (left) and a chart of XAUUSD (right), one has moved significantly upwards while one was stuck in a whipsaw range which ended up breaking to the down side towards the end of the day on December 31st.
Choosing to trade XAUUSD would be much easier to make a profit.
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