I'm relatively new to this full time trading way of life and while I've been trading different ways and techniques I have almost come to the conclusion that Day trading is the least profitable way of trading!
I'm sure that there are a number of people here that Day Trade profitably but I can't get to grips with any structure in Day trading beyond intuition and basic short term, intraday fundamentals. Certainly I can't see intraday charting using moving averages anything else but Punting on lines that cross. In fact, I think the whole intraday, everyday trading will eventually yield a loss over a few weeks/months. Which explains why 70-80% of new Traders go under, particualry on Spread Betting.
Maybe I am wrong here but I would be interested to know of any Day Traders that have traded everyday for the medium to long term as a Full time job and turned it into a very profitable career.
Outside of that I would guess that most people are holding positions over longer periods of time and waiting for the right conditions to happen before placing positions.
Just my thoughts as a full time newbie to all this.