Unfortunately, there’s no honest answer to that question.
Day trading success depends on various factors, including market conditions, trading strategy, and personal experience.
It’s important to note that shorting can be riskier due to the absence of a cap on potential losses.
In theory, a stock price can rise indefinitely, leading to unlimited losses. On the other hand, the downside for long positions is limited to the price of the stock going to zero.
Long positions are typically considered safer for newer traders while shorting requires more experience due to the inherent risks.
Many traders find going long more intuitive, as it aligns with buying low and selling high.
Shorting demands a different mindset, as profits are made when prices fall. This can be psychologically challenging, especially during price spikes, as it requires the trader to manage their emotions and stick to their strategy.
Traders may have more success going long in an upward-trending market, while experienced traders may find shorting useful in bearish or overextended situations.
Successful day trading often involves both strategies, depending on the current market conditions.
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DT38.
Xavier
Christian Harris