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    Why do longer term traders hate day traders

    "I'm an INVESTOR, i don't do that quick in and out garbage" I don't care who likes it. My "garbage" makes more per account than their long-term "garbage." Tell them to kiss my ass while I take another distribution.
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    It's Official: Microsoft Vista Sucks. Just ask Microsoft Execs.

    I gave Linux and Vista a shot. Linux just cannot run the apps I like, and Vista is slow on the same hardware XP is lightning quick on. Back to XP Pro.
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    Why Oil is going to $90...

    If oil goes to $90, my neighbor will start driving his own truck again and stop pestering me to use mine.
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    S&P, Dow, and Nasdaq Position Trader

    Congrats on your 1280 buys to close around Sunday 2032 PT!
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    Trader P/L 2008

    +2860 YM for the week.
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    5% - 10% profit per day trading

    200% profit does not mean doubling your capital. If that were true, merely keeping your capital would imply a 100% profit. Doesn't work. A 200% profit, or 3x starting capital, would mean capital of $10,000 rising to $30,000.
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    I still have to know a daytrader who makes money in the long run...

    I invested in real estate. I gained 10% per year averaged over 20 years, including tax benefits. That is a shit return. 24% is one hell of a return for real estate, unknown in America year-over-year for that period of time. Congratulations on such a great return! But even 24% is a poor return...
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    5% - 10% profit per day trading

    Sorry your strategies are losing. It's the long weekend, go have fun and forget your losses.
  9. G

    5% - 10% profit per day trading

    Nothing to calm, mate. The poster either doesn't believe it possible, or they have trouble expressing what they really think. Either way, they have the problem, not me. :D Success.
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    5% - 10% profit per day trading

    What portion do you not understand? Can you not comprehend quadrupling money in a year? That is a 200% return.
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    5% - 10% profit per day trading

    OK, time for definitions of blowing up your account. The reasons why and how are unique to each trader, but the bottom line is that a drawdown or other negative turn has led to your account being too small to trade anything (account balance now below margin for desired contract) or to buy/sell...
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    5% - 10% profit per day trading

    As stated elsewhere, everyone is a millionaire on ET.
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    you execute a trade..do not have the daytrade margin and it went through!

    Computer data is input by humans. Answer: *nothing, just keep the profit. Unless your broker is an asshole.
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    5% - 10% profit per day trading

    There are plenty of traders on ET who have a more impressive 2008 P&L than just 200%. ;) and 2007, and 2006, and...
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    What;s a good monthly % return for day traders?

    Well said. I also trade quickly, somewhere between scaper and short-term trader. Same story, second verse regarding my systems. Once I got the damned things to work, I haven't needed to tweak them much over the years to stay profitable.
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    Trader P/L 2008

    +$890 from Thursday. No Friday trading. Next post Tuesday night. Good, long weekend to all.
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    Cheap Products vs. High Wages... Americans Want BOTH!

    gnome, you are correct. The joke is on those who think they can sustain an economy, and therefore a lifestyle, while having both imported goods and exported wages. Bush Sr. and Slick Willy are primarily responsible for NAFTA and GATT that materialized the globalist economic policy born...
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    What;s a good monthly % return for day traders?

    10% per day for pros. 20% per day for pros is the most I have encountered, over years and years of averages. Percentages are only valid measures in retrospect. How is that for straight? Newbies, do not base your system on a percentage. If you stretch to get more than the market is willing to...
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    Let History Be Your Guide-Obama-McCain

    That range is fine with me. As long as there is volatility, I make money.
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    I still have to know a daytrader who makes money in the long run...

    I wouldn't put my money into anything with a shorter life span than me, and the whole notion of long-term investing is laughable, in my opinion. Keeping money current in a guaranteed investment vehicle is one thing, but expecting it to grow when it's out of your control is foolish, again, in my...
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