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Exactly. Daytrading benefits from volatility not so-called trend. :)

Amusing. However 'day trading for a living' is a self defeating prescription. Instead trade only to make your pile. The difference is not understood at ET. Or in fact it is a difference that ETers do not want to understand. :)

The answer is simple. If you are pissing your life away without making progress in trading, then stop. If you can't trade because of family hassle, wait until you're grown up and free but only then trade if you've done all the study and preparation needed to know how to operate successfully in...

Do you believe that we are going into another Great Depression? No. Ain't gonna happen. :)

Wrong again. Time to grow up, pal. Just tell ETers what you know, if anything, on the thread topic. :)

Wrong. Self esteem may well be your problem; its not mine. You may read posts literally. But the words used and the way a problem of trading hopelessness is expressed make it obvious so many times how poor a candidate is to become a successful trader. You may not be able to see this...

For intraday trading the nub of it is simply playing the moves up and the moves down (eg YM). This requires an accurate methodology. Now I put what needs to be done very plainly and simply. This should not be misunderstood. An accurate methodology is not a plain and simple acquisition...

I think you are trying to dig up a point I didn't make, Oddtrader. If a newbie knows he has made a mistake, stoploss. But does he know .. or more generally does he even know anything like enough to be playing for real in the trading arena? :)

I always have money management in place, as you would expect, and I have a maximum position I do not exceed proportional to capital deployed for trading. If in advance you have defended yourself against the advent of a Black Swan it can never land on your doorstep. :)

Well how long have you been checking or using your signals for entry? What market or instrument are you trading? If you have a thoroughly tracked and tested methodology and assuming you enter on the signals it gives and assuming too that there is a rare time when the signals prove false then...

It is clear by your posts that you don't know what a useful and apt post is! Sweet. :)

Illiquid, there is no pleasure or sanity in encouraging someone to carry on with losing his money. :)

As you say you "don't know what happened" then you have your answer. You don't know. You shouldn't be trading. But like all the other countless lemmings who start trading, its your money to blow away. The analogy is you are going to jump into a deep rip tide off the sea coast although you...

No offence, but why the living f**k would a sane person trade without knowing more than sufficient to trade at least accurately enough and to accumulate profits instead. There is no remedy for the human impulse. This is what happens all the time. It is the latent unspoken drive for the...

There is always a lot of talk about risk management. Simplistically, what is it? It has to mean that you stop out loss positions and don't oversize entries in relation to your deployed capital. The key ingredient is never oversize your entries or total entries in relation to your trading...

Is Economics rubbish? No. :)

Things have been and are very good really .. but the 'feel good' factor has always been slightly soured by the fine mist of sh*t clouding the whole world stage stemming from the whole Iraq/Iran quagmire and the never ending extremist Muslim & terrorist overlay which reaches almost everywhere...

Or Dogs and occasional pussy (not cat). :)

Losses. :)

Exactly. Its unbalanced looney stuff to claim that shorting is riskier that going long. All a successful trader is doing, particularly intraday, is playing the moves both up and down. :)