amateurs have no chance

ironchef said:
Why gave up day trade stocks and forex and why futures? I know you are going to say you are more profitable trading future but why?
More...

Just have to follow the ES, no need to scan thousands of stocks, no need to follow all these charts on a whole battery of screens, never any overnight risk, sometimes trading 1 hour can make my day, can trade huge size (far beyond my financial strenght) if needed. Why complicate trading if it can be easy.
Gave up forex as I traded spot, which gave many times bad prices. Risk of intervention of central banks was unpredictable. Forex is more sensitive for economical data that is released.

The only problem is that you have to be very good in daytrading. For most people it is too difficult. That's why they go to stocks and swing trading or LT.
 
Last edited:
schweiz said:
The only problem is that you have to be very good in daytrading. For most people it is too difficult. hat's why they go to stock and swing trading or LT.
More...
Thanks for your reply.

You are right, for me day trading was too difficult so I ended up swing trading and migrated to swing trading options full time.

If persistent, we each discovered our own path.
 
ironchef said:
Because we are been brainwashed by the pros.

All the big name billionaires investors/traders told us that we should not go with the herd, we should only buy when there was blood in the street, that be greedy when others are fearful, be fearful when others are greedy.....
More...

You don't want to think like a Pro, most can't beat the Indexes, LOL. "Hedge" funds, few actually hedge, if they actually hedged, why are they losing so much? So many did so poorly, they had to shut their doors.

The herd are your neighbors where you live and retail, when one studies enough on extremes whether highs/lows, you risk less as markets either turn or don't and hedge. Cash is King during bad times.
 
schweiz said:
You did not steal your nickname "silly"...

You have no information about me or my trading results but yet you are so smart that you can tell me who I am and how bad I am in trading.

"It really is amazing how human behaviour keeps repeating over and over..doing the same old dumb thing day after day..and then they wonder why they really get nowhere.."

Indeed,losers who only can repeat what is impossible (according to them) and how 99% are losers.
No wonder profitable traders don't post on ET anymore.

You don't even understand that stocks are not really the best thing for daytrading. That tells all about you as an "expert". People who agree with me are by (your) definition idiots, losers, fake...

It is ironic that this website is called ELITE traders. LOL.

The biggest risk factor or cause of failure in trading is the trader. Not the leverage or anything else.
More...

what was I thinking..how silly of me..after all..how can your posts be wrong..you are not silly :)
 
Handle123 said:
You don't want to think like a Pro, most can't beat the Indexes, LOL. "Hedge" funds, few actually hedge, if they actually hedged, why are they losing so much? So many did so poorly, they had to shut their doors.

The herd are your neighbors where you live and retail, when one studies enough on extremes whether highs/lows, you risk less as markets either turn or don't and hedge. Cash is King during bad times.
More...
Yes sir.

When I first joint, back in 2014, you gave me one of the best advices I got: Dance options around the stocks I owned instead of screening for equities to trade. Made a world of difference, thank you.
 
dozu888 said:
yeah.. I mostly just look at the 10 year..
More...
It does not matter what bond you look at. Change in price as a function of yield to maturity (e.g. from 2.5 to 5 as in your example) is always approximately duration * change.
 
sle said:
It does not matter what bond you look at. Change in price as a function of yield to maturity (e.g. from 2.5 to 5 as in your example) is always approximately duration * change.
More...

Ok we are talking about different things. I meant for the same duration. And the 10-year yield has been 5% or higher before.
 
dozu888 said:
Ok we are talking about different things. I meant for the same duration. And the 10-year yield has been 5% or higher before.
More...

Since you are a pro, show me the math 10 year bond falling by 50%, when the yield rises from 2.5% to 5%
 
You must log in or register to reply here.
Back
Top