The only thing I can intelligently add is that the period between Day Trading and Position Trading, i.e. holding a position for just few days, leaves your brand-new position, based on the medium-term trend or reversal points, subject to unexpected events, market whims and trying to squeeze between all those news announcements. If you're Day Trading and it suddenly moves against you, you can make a quick adjustment; and if you're position trading, in most cases a 100-pip sell-off or rally won't affect your overall trade.
In other words, not knowing your time horizon, I suggest going with the big fundamental flow of things, versus trying to catch those Monday-Wednesday rallies and sell-offs.
And yes, it's possible to have big returns. Fund managers have trouble consistently doing better than 20% annually, but that's without leverage and without clients adding to their positions at the right time. Starting with a small position and adding by buying dips/selling rallies, you can end up with a fairly large position size by the time you close.
In other words, not knowing your time horizon, I suggest going with the big fundamental flow of things, versus trying to catch those Monday-Wednesday rallies and sell-offs.
And yes, it's possible to have big returns. Fund managers have trouble consistently doing better than 20% annually, but that's without leverage and without clients adding to their positions at the right time. Starting with a small position and adding by buying dips/selling rallies, you can end up with a fairly large position size by the time you close.