Day traders pls quit while you can

the1 · Dec 19, 2011

Not true. No more need be said.

Quote from Bear Trader:

I cant see any day trader making and end of the year profit for the next 3 years. It is going to be brutal quit day trading, HFT and the unstable markets is going to kill you all. There are going to be more chops than a Chefs knife. More swings and bounces than a Tennis match. Pls dont say I did not warn you. The only people who are going to make money are the swing and long term traders. Day trading is dead!!

JunkbondS · Dec 19, 2011

Quote from N54_Fan:

I dont day trade because I do not have the temperament or skills to do it successfully. I have tried but at present I cannot do it. Does that mean others can not do it ...ABSOLUTELY NOT!!! I am better suited to swing trading but to say day trading is gambling and impossible to make money is very narrow minded. In addition, your comments above seem to suggest you are a failed trader of whatever time frame.... Just reminds me if one of Aesops Fables where the fox could not jump up and reach the grapes on a tree and said ..."They're probably sour."

Good luck Mr. Fox.

N54_Fan

Computers don't have temperaments. I never said impossible. People do it all the time( make money daytrading) it's just never consistent or reliable without exploiting an edge like HFT does for examPle.

tradin4profits · Dec 19, 2011

Quote from JunkbondS:

Huh?
Ever see a chart from a random number generator? Think you can make money from that? Looks just Like a stock chart.

Like I said, random entries can make
Money so I don't get your point

Hey there Junk! I make money daytrading, in fact it is all I do. I never hold overnight. And get this guy To this day I HAVE NEVER STUDIED TRADING AT ALL unless you want to call 12 years screen time studying. All it takes is a little common sense!Persistence and effort!

bwolinsky · Dec 19, 2011

Quote from Bob111:

start at fx..yep...why fx? go brave and start with options..nah..start with options on futures!

---Fund it with whatever you are comfortable with losing.---

do it once and lose it all..stop..learn(or think\pretend that you learn something)then lose it all again..then over and over again!

s**t..this place is full of knowledge! and everyone making 400K a day every day!

Lol!

Bob111 · Dec 19, 2011

Quote from JunkbondS:

Computers don't have temperaments. I never said impossible. People do it all the time( make money daytrading) it's just never consistent or reliable without exploiting an edge like HFT does for examPle.

one more time-statement on page 5..if this is not consistent enough for you-then i don't know what is.

artfartdart · Dec 19, 2011

this is exciting: the more people who throw in the day trading towel, the greater the edge for the rest of us will be! time to turn my size up..

JunkbondS · Dec 19, 2011

Quote from N54_Fan:

I dont day trade because I do not have the temperament or skills to do it successfully. I have tried but at present I cannot do it. Does that mean others can not do it ...ABSOLUTELY NOT!!! I am better suited to swing trading but to say day trading is gambling and impossible to make money is very narrow minded. In addition, your comments above seem to suggest you are a failed trader of whatever time frame.... Just reminds me if one of Aesops Fables where the fox could not jump up and reach the grapes on a tree and said ..."They're probably sour."

Good luck Mr. Fox.

N54_Fan

Computers don't have temperaments. I never said impossible. People do it all the time( make money daytrading) it's just never consistent or reliable without exploiting an edge like HFT does for examPle.

R. Raskolnikov · Dec 19, 2011

Surf, this is just wrong. Now go away

Quote from JunkbondS:

Computers don't have temperaments. I never said impossible. People do it all the time( make money daytrading) it's just never consistent or reliable without exploiting an edge like HFT does for examPle.

Wide Tailz · Dec 19, 2011

Quote from JunkbondS:

I don't need to produce the evidence. Its all around you-- where are the successful daytraders? We all know successful business people and investors but no one ever claims to have made wealth daytrading. If so, where are they outside of claims and message Board shut ins?

Here's one:

tradestocksamerica.com

This guy was the first to show me a profitable technique. I didn't use it until I lost a lot of money trading my own way, and listening to Prechter.

Mirzy · Dec 19, 2011

This December had pretty good volatility. Moves every day. Seems good.