Most traders come to the market with very small capital and they think that daytrading is their gateway to riches.They here stories about someone making money in daytrading but daytrading like any other form of trading has risks and a trader needs good risk control to survive in daytrading.For every successful daytrader there are 10 who have failed in daytrading. Most cannot sustain string of losing trades and soon they start looking for a new system, new guru,new markets...lack of capital ,lack of rigorous testing, lack of sound system logic makes daytrading look easy and attractive but it is equally difficult for most traders.
Most videos relate to daytrading because they are in the business of selling dreams.Most of them will be on preadjusted period and they will fail in any other test period....
Day trading is overhyped because everyone wants to be rich in double quick time....If you tell someone that on small capital he will need 5 -7years or even more to make a Crore , he will think 5 years ??? I cannot wait for 5 years...I want it in 6 months....
Smart_trade