I wish to start.. if necessary a debate around....
1) Intraday/Day Trading, is far more lucrative than Swing trading...one shoots for a target, banks the proceeds and waits for the next day.(of course, money/account management being key), i will prove it.
2) If you have many traders/institutions looking at the same set of rules and acting upon them you effectively have more "market push" at execution.
3) Large Institutions with Large Pockets, Financial Institutions if you like, actively Day Trade.
4) There is a set of rules out there updated real in time on the chart in front of you.
5) Fellow Traders, you will be honestly astounded at the reaction around certain price levels, that are indicated on your chart.
So lets go, i am loaded and ready for the first question/s
PS: i am all for the "Team Effort" as in item 2)
Cheers donno -
1) Maybe it is more lucrative but day-trading has certainly cost me money each time I've trialled it. There's nothing inherent about day-trading that says it is unworkable but I always always advise new traders to avoid it, 90+% of them who do try it will lose their money really quickly.
2) Yes, I have seen private retail traders move prices on mid-caps and small-caps. But these days I'm almost wholly in forex so we have absolutely zero power there.
3) Agreed. Who thinks they don't?
4) Not sure what you mean.
5) Yes, this is visible constantly on various charts. The problem I have with price-spotting (selecting support and resistance levels, trend-lines etc.) and price-rating (selecting which lines will be the most potent and worth acting on) is that there isn't an objective way to do this. The only way two traders will ever draw up the same s/r on the same chart is by random chance. So I don't even bother.
Have a good evening.