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Hi ET, I'm not sure if this is the right forum to ask, but I know there are smart, well-balanced, and informed ET members on here that I trust and valued their opinions. I was at decent seniority at the tech company before I was laid off. I've started interviewing again and I get really...

If you have been reading my postings, then you would know i have 2 classes of accounts! 1) Daytrading 2) Swing trading The comments above refer to the daytrading accounts. For the swing trading account I hold for much bigger moves. But your comments are true and duly noted.

Depends on your trading style and time frame. You can still short and make money if you do a quick scalp. I shorted and make a little(peanuts) this morning. Just for a quick scalp. On an intraday basis, things can move around a lot and the long term uptrend can still be intact.

Interesting. I'm beginning to believe this rally. Not sure if that's a contrarian indicator or not. hehe

1) cutting losses faster 2) holding into winners longer 3) going with the trend more often. don't be afraid of big powerful trends..

You guys all know this feeling. On days when I'm doing well, it's the best job in the world. When days when I'm not doing well, I feel like I'm wasting my time and should get back to corporate world where I'm guaranteed good pay, benefits, etc. with zero risk. Well I got interviews coming up...

Perhaps you are right. But in the other purely daytrading account where I rarely swing trade, I'm up nicely. But you are right. Holding losers too long on ANY TIMEFRAME is bad!! I definitely know how to make money($17K in one day is my best so far), but it's those occasional big losses that get...

I DO have 2 separate classes of accounts. 2 for daytrading(IB). 1 for swing(Robinhood zero commission). Of the 2 daytrading accounts, one daytrading account I use for both swing and daytrading(futures & stocks). That was a mistake. Because I would get so confused. If you look at my IB account...

I think the hard part for me is sometimes confusing between daytrading and swing trading signals. For example, on a daytrading signal I should sell, but on a swing trading signal I should hold. It's bad when I sell because I can't stand the intraday drawdowns and sell at the lows or cover at...

bone et al, that's a great point. That's why I've decided to continue working full-time in the highly paid tech sector. After my layoff, I went out of the country for vacation for a month. Just got back recently and now back to interviewing. Hopefully back on track soon. For a while I was...

Your points are duly noted. But it's also about "opportunity cost." I actually have many marketable skills. To not use them to earn a great stable salary, benefits, etc. seem like a waste. There's nothing to say that I could perform worse than now when I go FT due to the pressure to make money...

OK. I think I should reconsider after 3-5 yrs track record of profits that are at least 3-5x my salary. That's the safest choice. But at least you are working FT right?

It depends on your timezone. If you are on PST like me, then you can get up early and trade for an hour or so before work. But automation is the key I think. That will take a nontrivial amount of time to implement and refine. So you have had 3 yrs of profitability?? Nice!

Yes, I've daytraded fulltime before back in 2001-2003. It was beyond dismal results! Then I went back to corporate jobs. Then started trading again part-time and refined my skills. This would be my 2nd go at full-time trading if I were to do it. But it seems the consensus is NOT to do it! Back...

You are right! I am no where near 3-4x my salary! I'm not even at 1x. Significantly less than 1x but net profitable.. You guys have helped made up my mind. I'll go back to corporate and trade a little bit i the morning before work. And if I have time work on trading systems to automate...

OK. So, does this mean you have a FT job and trade on the side as well?

You do have a good point. I didn't quit my tech corp job. I was laid off. So I have some time before I jump back in Corporate job again. Just pondering. $300/day would be a HUGE pay cut from my corporate job...I would need to supplement that with some good swing trades. While your suggestion...

I'm not concerned about that yet. I have a decent amount of savings lined up. My wife works too. I think just my daytrading alone can probably cover a decent portion of the expenses. But maybe if I go full-time I might not be as consistent everyday....??? Realistically, I can go 6 more months...

Hey Guys, I need your collective wisdom and advice on this. I've been on ET on/off for years. As some of you might know, 2015 was my breakthrough. Finally became net profitable. While I was net profitable, the amount was very small compared to my corporate salary. It's more like a nice yearend...

Interesting research study. McKinsey is talking about investment returns over long periods. Does this mean the golden age of trading will begin? And the golden age of investment will end? Because the last 30 years, all investors had to do was buy-and-hold and they could compound their money and...