I agree - but it helps a lot in the long run and makes your trading seem easier. The day trader is more of a Technician - while his counterpart, the position trader who makes use of fundamental and economic leading indicators. When day trading, each day represents a whole new world of opportunity. Its very unlikely that one will make a "killing" on any particular intraday trade. Static indicators have a fixed input for the variable and its settings are based upon the notion that the market will repeat its past price history and movement identically and repeatedly. Day trading is a career and occupation - not a hobby or amusement. A relatively small market movement will have a proportionately large impact on your account. Some of the real-time data vendors to chose as your source, do your homework and shop around for the.
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