Warren Buffet is Not a Day Trader By : Markus Heitkoetter Day traders often seek out stories of people who have had amazing success in the markets for guidance. They flock to biographies of financial celebrities hoping to gain insight and tips to get an edge on their own careers.
The Difference Between Day Trading and Gambling By : Markus Heitkoetter I have often said that day trading is fundamentally different from gambling, or at least successful day trading is. A successful trader controls his risk with a thoughtful and well-tested strategy, not intuition; but a gambler depends on luck.
The Difference Between Fundamental and Technical Analysts By : Markus Heitkoetter I am a day trader, and yet people sometimes ask me questions about the market that go beyond my area of expertise. They assume that since I am successful at one aspect of the market, I should have insight into questions of national and international economics, particularly as it relates to large scale political events.
How To Develop Trading Strategies By : Markus Heitkoetter People who want to profit from the market often ask experienced traders how they come up with their trading strategies. Newcomers are often overwhelmed by the amount of available data and are a bit mystified about how to navigate through it.
