which method is best for a day trader, means aggressive or defiance methods?
It depends on his mentality. There are lot of aggressive traders are who succeed in the trading. Pure example is the Legend “Jesse Livermore”
But in my opinion Defensive is the best way to stay in this business for long term.
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Your trading approach and your psych must be in sync to be successful in trading. A conservative approach for an aggressive mindset and an agressive approach for a conservative mindset never make money in this game in the long run.
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Dear Kalim ,
As far as i have Analyzed trading is driving a car . Ask you self while driving and car do you have think before applying breaks ? or changing gear ? or speed up when the road is empty and slow down when the road is full ? apply breaks when someone comes in between the road you have n number of permutation and combination but you reach your destination safely if you drive with confidence , experience , logic , map etc .and off course you need to have lots of fuel to reach your destination that you have place far the destination more fuel more risk in traveling near the destination less fuel required . when you relate that to trading So fuel = cash , Car = software( Zerodha PI ) , break and accelerator = buy and sell ,indicator = when to buy and sell etc WHICH ONLY COMES WITH CONSTANT PRACTICE same as perfection in driving only COMES WITH PRACTICE .