Interesting analogy there with a presumably solid steel ball. I don't think it is totally apt, since there are times where intraday moves could not be described as random. Still, would agree that larger time frames are more like the steel ball.
LOL, I also post in the CL thread, but actually i trade many different markets and time frames.
The point was really to say that even with a relatively small amount of risk like half a percent, you can make a lot of money over enough trades (assuming you have an edge).
Maybe:
Think about whether you want to be rich or want to make a living. Tough to become rich from day trading imho.
Easy to make money from smooth trends. Maybe there are markets and time frames which are smoother than others?
Without sufficient follow through, you can't make money...
:D
I'm going nowhere, somebody help me
Somebody help me, yeah
I'm going nowhere, somebody help me
Somebody help me, yeah.
Stayin' alive
http://www.youtube.com/watch?v=I_izvAbhExY
:cool:
I think this option short seller will blow up...but will no doubt be hired by some mad hedge fund:
Andrew Kuhn, 17, ...
Investing Style: "Due to learning more about the derivatives market, my portfolio now consist of 100% option trades. Iâm a premium seller."
16 year old trades oil and gold futures, wtf!!
Mohammed Islam, 16, got introduced to penny stocks by his cousin when he was 11 years old. He likes to trade oil and gold futures these days.
Photo courtesy of Mohammed Islam
Location: New York, New York
Investing Style: My main...