All you need is $10,000 and your set to 'daytrade'...they start you with 100 shares. okay if manually daytrading. however all daytrading is now fully automated at big hedge funds. they hire computer programs to automate their trading in only the most liquid stocks or securities.
Creating a group of REAL professional traders?
- Thread starter OctopodeClub
- Start date
This site could be a starting point for you. https://www.avvo.com
Good, experienced attorneys are very active there. Pose your question about attorney chatrooms there.
First part is false. Second part...Who is "they", and you do realize that daytrading is not just about company stocks, yes?
We have a small group of traders, NYC based only, we share the day to day, trades, charts, ideas, thoughts, material, indicators, help each other with coding or feedback, etc. We use Hip Chat (we like it better than Slack). Spectacular for chatting and sharing charts. No audio, no video. Half of us are full time and half part time. We all trade crude actively. If interested drop me a PM. Its for NYC based traders only, so we may meet it person for a drink once in a while, to keep it personal.
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A Big Howdy to all
the proven and unproven and wannabe,
consistently profitable professional traders around;
after scanning thru about 184 diversified posts,
I was just hoping to read an even tentative solution
but to no avail. But I must also admit that I did not
have my opthalmologist recommended rose colored
contact lenses on either.
Octo et al, I must surely have missed something
in between, for sure, correct?
From 2017-03-31 to date 2017-06-24,
it has been almost three months already!
The verbiage is not intended to discourage nor
belittle any idea or any so-called professional
trader here or elsewhere, per your definition, alright.
Honestly, it would be a wonderful idea whence
such a group could be organized into a functional
entity, wherein each member would jointly but
separately maintaining each own identity and
trading life style, without having to step on
one another big huge toe a few times a day.
Wonder though, while, for dinner, our OilMan in Texas is having
his mouth watering extraordinary KOBE steak--
Kobe beef (神戸ビーフ Kōbe bīfu) (KO-BEH) refers to
beef from the Tajima strain of Wagyu cattle,
raised in Japan's Hyogo Prefecture according to rules as set out
by the Kobe Beef Marketing and Distribution Promotion Association.
The meat is a delicacy renowned for its flavor, tenderness, and
fatty, well-marbled texture.
And the GC lady is having her extra crispy PeKing Duck in
HongKong, for luncheon;
just wonder again, what are they going to discuss, PeKing
Duck for lunch or Kobe steak for dinner....?
And the audible exchanges could be something like:
Speak English GC?
You speak Cantonese CL, man? L O L
the proven and unproven and wannabe,
consistently profitable professional traders around;
after scanning thru about 184 diversified posts,
I was just hoping to read an even tentative solution
but to no avail. But I must also admit that I did not
have my opthalmologist recommended rose colored
contact lenses on either.
Octo et al, I must surely have missed something
in between, for sure, correct?
From 2017-03-31 to date 2017-06-24,
it has been almost three months already!
The verbiage is not intended to discourage nor
belittle any idea or any so-called professional
trader here or elsewhere, per your definition, alright.
Honestly, it would be a wonderful idea whence
such a group could be organized into a functional
entity, wherein each member would jointly but
separately maintaining each own identity and
trading life style, without having to step on
one another big huge toe a few times a day.
Wonder though, while, for dinner, our OilMan in Texas is having
his mouth watering extraordinary KOBE steak--
Kobe beef (神戸ビーフ Kōbe bīfu) (KO-BEH) refers to
beef from the Tajima strain of Wagyu cattle,
raised in Japan's Hyogo Prefecture according to rules as set out
by the Kobe Beef Marketing and Distribution Promotion Association.
The meat is a delicacy renowned for its flavor, tenderness, and
fatty, well-marbled texture.
And the GC lady is having her extra crispy PeKing Duck in
HongKong, for luncheon;
just wonder again, what are they going to discuss, PeKing
Duck for lunch or Kobe steak for dinner....?
And the audible exchanges could be something like:
Speak English GC?
You speak Cantonese CL, man? L O L
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Furthermore, if the GC lady only trades live from
Monday to Thursday, and takes Friday off,
because she is of Jewish inclination and honors
her Shabbat seriously, would she still be qualified as
a professional trader?
On top of that, what if she only trades
a few hours a day but profitably, til her PeKing Duck
luncheon date, would she still be a professional
trader in this newly organized elite group definition?
Btw, I do have a question or two about some
of the posts and ideas expressed herein, for example:
1--Who said that you have to trade all day
in order to be consistently profitable professional?
2--Who said that a broker's statement would
be a bona fide proof of a trader's ability to
trade profitably and consistently?
What if a so-called profitable trader legally and legitimately
authorizes John, Larry and/or Hubert by POA,
to trade his/her account; what then?
Just thinking out loud, trader comrades.
Monday to Thursday, and takes Friday off,
because she is of Jewish inclination and honors
her Shabbat seriously, would she still be qualified as
a professional trader?
On top of that, what if she only trades
a few hours a day but profitably, til her PeKing Duck
luncheon date, would she still be a professional
trader in this newly organized elite group definition?
Btw, I do have a question or two about some
of the posts and ideas expressed herein, for example:
1--Who said that you have to trade all day
in order to be consistently profitable professional?
2--Who said that a broker's statement would
be a bona fide proof of a trader's ability to
trade profitably and consistently?
What if a so-called profitable trader legally and legitimately
authorizes John, Larry and/or Hubert by POA,
to trade his/her account; what then?
Just thinking out loud, trader comrades.
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Well, isn't the Sabbath from sundown Friday to sundown Saturday? Which on the USA east coast means that basically she is a full-timer. Markets close on Friday pretty much at sundown, and reopen 48 hours later on Sunday. Basically.
You don't. I've actually often wondered if I would make more money by patiently staring at multiple markets on the screen 8 hours per day and limiting my activity to that 1 setup per week that is very high probability (>90% chance to make profit = 1x risk) and just putting on huge size when that one really great setup appears.
Is such an approach possible? I wonder if such a high probability setup exists and even if it does can it work across multiple markets. And such a setup may work for a while and then stop.
It should work across multiple markets if the markets are highly correlated. For example, if you're watching 5 highly correlated markets and the setup appears in one of them...almost appearing in the other ones...you should be able to take the trade in any of those highly correlated markets.
Yet, are there any high probability setups with success of > 90% ?
Personally, I wouldn't think so.
The real issue is the suggestion on putting on a "huge size position" when such a trade opportunity appears. Is SteveM suggesting violation money management rules or suggesting putting on a "huge size position" that's still within the money management rules ?
Simply, without knowing the size of the account and the money management rules for that account...the term "huge size" can imply any amount.
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