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19

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CHAPTER NINE

Day Trading

Day trading, though potentially very rewarding, is probably the most difficult way to trade, ll is rewarding because you know the results of your trading sooner than in longer-term trading. No trades are exposed to overnight events, so in theory at least, there should be less stress, Your money is not tied up in margins and drawdown. With day trading, if you lose money today its possible to recover it tomoirow. However, day trading can be more difficult than long-term trading since, for the most part, you have to be glued to the screen in orcier not lo miss trades. With longer term trading, obviously, there is tr.ore time to plan a trade and execute it. Also, for many people day trading is more stressful because they let their minds be affected by each price fluctuation.

Each time frame (i.e., one-, five-, fifteen-, and sixty-minute bar charts) will give a different perspective of the trend; therefore, your first step in day trading with Symmetry Wave will be to decide which time frame to use. following are several charts presented to illustrate how each time frame gives a different perspective.



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