Day Trader Definitions (and their problems)

As day traders I hope it’s obvious to you that we need valid strategies. What creates a strategies at a very fundamental level? Words. I realize at this point it may seem like I’m insulting your intelligence and stating the stupid obvious. However, this is where the problems arrive. While words are “by default” part of a day trading strategy, their definitions are the tricky part. I see it way too often. Beginner day traders tell me they have a strategy and they start throwing around cool sounding words. All it takes is a little bit of pressing on my part and their strategy collapses in on itself because of “empty” words. This video is coming from a comment I received on YouTube which sparks this entire idea about words and their actual definitions. Let me show you what I mean!

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