Day trading article on nytimes.com

[Surdo]

Quote from jficquette:

LOL. I have more worthless posts then you.

I am a bigger usless troll.

 

[zdreg]

Quote from teamonfuego:

Stock777 is an arrogant prick. He pretends to know everything just like every other guru out there.

he doesn't fit the definition of a guru. you made his day.

 

[hughb]

According to estimates by the San Diego Association of Governments, the median household income of San Diego County in 2005 was $64,273 (not adjusted for inflation). When adjusted for inflation (1999 dollars; comparable to Census data above), the median household income was $52,192.

Just a few days ago I saw an up to date guideline that is used to determin eligibility for public housing and it listed the household median income in San Diego at $73K.

 

[TigerBalm]

But remember, "It’s more like staring at the instrument panel of a jet while eavesdropping on the pilots, " eh?!

Whenever I see an article on day trading in the mass media, I start with a groan. We all know what's coming next: incorrect generalizations, misplaced glorification, et al.

Quote from psytrade:

Daddy Daddy, I have to go S&Pee Pee

 

[athlonmank8]

Someone makes it in trading and you guys tear him apart.

hahaha this place. You guys.

I love it. Blind leading the blind.

 

[Debaser82]

Good for them.

Beats pushing pencils or working at Wall Mart.

 

[Renegen]

Quote from illiquid:

Not too many "float" at 100k for 10 years straight, it's the nature of the business. You either grow bigger or grind down to 0 -- and start a chat room

The article said he had 21 subscribers log in. Well at $199 a month, that's 21 x 200 = $4200 x 12 = $50,400. they make over half from the chat room!

 

[lescor]

Quote from athlonmank8:

It's not rare that he has $1700-$2500 days.

You guys sound like a pile of pikers. Bashing a profitable trader?! I mean seriously, you guys need lives.

1 of them was a member here at one time. Not sure about the other.

(I apologize in advance for not swinging on from your nuts like the rest of the guys do on here.)

You sound more like a gambler than a trader.

I wasn't bashing him. I said he's "consistent and better than average" but is not taking advantage of his experience by growing bigger as a trader.

You think someone who tries to consistently grow his account and trade commensurate larger size along with that is a gambler?

 

[Dustin]

I would be interested to know how these guys did in '07-'08.

 

[Copernicus]

Quote from Dustin:

I would be interested to know how these guys did in '07-'08.

Its interesting how professional athletes who do not make it dont get any negative press. Its also amazing how little credit the successful 1% in daytrading get.

I dont think there is another profession in the world that gets anywhere near negative press purely out of envy of the writers.