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Or they are no longer able to day trade profitably anymore.

Thats an anomaly, not the norm. Volatility is dead, has been dead for a while now...

Time to bring back my post from early 2013. SPX @ 1848, getting close to my bull flag target now. :D

The spread on any instrument is always exactly 1 tick, how did you get 1/5 of a tick? Round trip comm on ES is ~$4 with IB, thats 1/3 of a tick, so the spread + comm = 1 1/3 ticks, thats sufficient to destroy most day traders in the long run. And obviously trading less frequently will...

1. Read this thread, plenty of arguments from people who think its safer to be short. 2. Not sure why you are directing this at me? I wasnt talking about tops or bottoms?

I'm talking about huge intraday moves, you know, the 40-50 handle ones. Many people have this misconception that its safer to be short than long because the down moves tend to sharper (making them more dangerous), read a chart from the late 90s and you clearly see that the large up moves were...

Moves like this totally debunks the myth that only down moves are sharp, short selling isn't safer than going long, you can get killed either way. :D

It was a stop run, a.k.a robbery. :D

A 4 tick profit on 100 contracts isnt the same thing as a 400 tick profit on one contract, far from it. The smaller your profit targets the worse you are affected by spreads (which is 1 tick, or a whopping 25% of your profit target if you are targeting only 4 ticks), slippage (could be a...

It was already nearly dead last year, that was what prompted me to stop trading altogether this year, I dumped a good chunk of my account into SPY and never looked back. You can't squeeze blood out of stone, so don't try to squeeze money from the market when conditions are not in your favor...

Over the long run, the fed.

I think the bears are the ones who are getting slaughtered now, and it appears that there are lots of em. :D http://www.wsj.com/mdc/public/page/2_3062-nyseshort-highlites.html

Competitive devaluation, this is why the dollar will not crash anytime soon.

I was trying to be lenient on that definition. :D

Or if you have a real edge that doesnt involve directional risk. It doesnt have to be illegal.

Averaging out over what time frame? A week? Or a month? I doubt you can make 10 pts a week (every week without fail) daytrading the ES, it just isnt possible. Nobody who is taking directional risk can take money from the market with such high consistency in the long run, by long run I mean at...

I hope you guys are just kidding, its impossible to make 2 ES pts consistently everyday, 10 pts per week might have been possible when we had more downside volatility and better range a couple of years ago. Scalping is mostly suicide, its more so if you try to scalp a grindy/choppy market...

I fail to see your logic. The dollar has been relatively steady for the last few years but stocks didn't tank 99.999%, in fact its gone up a fair bit if you noticed. Also I wasn't trying to value the dollar based on the rise or fall of equities, I was just trying to point out the fact that...

Not going to happen. Nearly everyone is engaged in some kind of money printing these days, its a race to the bottom, nobody wants a strong currency anymore. Besides, what could possibly replace the dollar as the reserve currency of the world now? The euro? LoL (and you know why I lol'd). The...

You wish. It went parabolic (up 12000% over 12 months). http://mises.org/daily/2532 For the record I'm not predicting that the dollar will collapse, I'm just saying that this is what you will get should the dollar collapse. :D