Day Trading is one great option to make money in these frightening and uncertain times

Although completely unknown, not only to the public, but to most of the financial community as well, Ed Seykota's achievements must certainly rank him as one of the best traders of our time. In the early 1970s, Seykota was hired by a major brokerage firm. He conceived and developed the first commercial computerized trading system for client's money in the futures markets. His system proved quite profitable, but interference and second-guessing by management significantly impeded its performance. This experience provided the catalyst for Seykota going out on his own.

In the ensuing years, Seykota applied his systematized approach to trading a handful of accounts and his own money. During that period, the accounts Seykota managed have witnessed an absolutely astounding rate of return. For example, as of mid-1988, one of his customer's accounts, which started with $5,000 in 1972, was up over 250,000 percent on a cash-to-cash basis. WOW!

Some of Ed’s thoughts and opinions about the markets is provided below:

Simplicity in trading demonstrates wisdom. Complexity is the sign of inexperience. Do not think you are smarter than the market, you are not.

The stock market can not be predicted, we can only play the probabilities. The easiest time to make money is when there is a trend. Ed strongly believed in following aspects that characterize his thinking as a trader:

§ Kill your greed

§ Never chase stocks

§ Don’t compare yourself to others

§ Always use stop loss

§ Standing aside is a position

§ Never add to a losing position

§ Stay calm and focused

§ Don’t believe the hype

§ Cultivate independent thinking

§ Be ready for worst case position

§ Nosce te ipsum - Know thyself

As Ed Seykota says whatever be the tool technical or fundamental he who visualizes victory and is in control of himself will win.

Further Ed Seykota admits that "I feel my success comes from my love of the market. I am not a casual trader. It is my life. I have a passion for trading. It is not merely a hobby or even a career choice for me. There is no question that this is what I am supposed to do with my Life"

Ed Seykota through his trading tribe encourages everyone to "Experience the Experiences". This way we all would be able to reflect on ourselves better and we would be able to approach anyone or anything in a much easier way and a better way.

Remember : He who visualizes victory and is in control of himself will win. So go long or go short as per the trend and forget what Helicopter Ben is doing, forget Euro crisis, Korea, China, forget Gold prices, forget Black Gold, forget Dabaang and just go for the stocks that you think will make money for you virually everyday like - like the cool bucks you would have made yesterday by going short on Reliance Infra and going long on TCS today. Everyday, there are great ways to make money provided you pick the right stock and are pretty confident about the right direction that you believe the stock is heading towards.

If you have any questions on how to make money virtually on a daily basis, please shoot out a mail to me or call Mr.Sandeep Jain on 09886736791.

Kishor S. Khot, [Kishor@hbjcapital.com], Equity Strategist, HBJ Capital Services Pvt Ltd