Day trading article on nytimes.com

[Daal]

The bot blaming is hilarious. Probably a tatic to keep subscribers from quitting the service when they go through drawdowns

 

[FightTheFuture]

Quote from Copernicus:

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.

Odds of becoming a pro athlete: 22,000 to 1

Odds of becoming president: 10,000,000 to 1

Odds of winning an Academy Award: 11,500 to 1

Odds of winning the California lottery: 13,000,000 to 1

Odds of winning an Olympic medal: 662,000 to 1

Odds of being an astronaut: 13,200,000 to 1

Odds of writing a New York Times best seller: 220 to 1





Odds of dating a supermodel: 88,000 to 1

 

[monistat7]

Quote from Dustin:

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

Forget 07-08. How did these guys do in 00-01 when it was still free money. And if these guys got in during 99-00, they should have a good nest egg saved up.

 

[Cdntrader]

Quote from cstrader:

True that making $100K a year sitting in front of a terminal hours a day is not that great. Swing trading makes more sense but is a lot less sexy.

less sexy?

I don't think so.

I'd rather go to lunch than be chained to a desk thanks.

 

[Dustin]

Quote from monistat7:

Forget 07-08. How did these guys do in 00-01 when it was still free money. And if these guys got in during 99-00, they should have a good nest egg saved up.

07-08 there was money falling off the trees, from the sky, and growing from the ground. All you had to do was walk around and pick it up. I'm still most interested to see how they did then.

Many of us from 99-00 didn't fare nearly as well back then, in part because most of us had only been at it a few years. That said, I sure would love to repeat the late 90's with the experience under my belt.

 

[Illum]

Come on now, nothin wrong with 100k a year

 

[icarus618]

Quote from Dustin:

* * *

That said, I sure would love to repeat the late 90's with the experience under my belt.

I'm with you.

Means plunging back into stocks but I wouldn't mind that at all. Would consider including OPM, no fee, just for the fun of seeing how many millionaires would result.

Will be interesting to see the new flavor of the day in the next secular bull. Green tech, maybe. Or something not on the radar yet. Capital pools have grown so huge now...once the IPO bubbling starts extracting 8 figures on some days in stocks should hardly be unusual. The trick will be to control myself from shorting prematurely at the end of the party...and not thinking myself a jeen-yus.

 

[stock777]

Quote from zdreg:

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

Guru? You mean the posers that are right 10% of the time , but claim they are right 98%? Sorry, not me.

The thing about ET and public forums in general, is that even if you are a freaking genius and call it right 90% of the time, the clods don't recognize it.

It's called pearls before swine.

There is an endless supply of the latter here.

You know who you are.

This is your distant (or maybe not so) cousin.

"I bring home the bacon"

 

[stock777]

Quote from teamonfuego:

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

4 posts. Hmmmm, let me guess, this is one of maybe 25 nicks that you have on ET.

And if arrogant prick is the best you can do , try harder.

 

[spd]

Quote from Dustin:

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

These guys have a youtube channel, sgomez858

See if they have videos from 07-08

(and no I am not a subscriber of their service, nor have I ever been)