Day Trading Is A Dead End Job

Quote from Fireplace:

Same old story, losing traders all jump on each others bandwagons and winning traders on theirs.....this argument will never end.

If you ever see me posting on a site called tradingisnotpossible.com, then let me have it....not sure why all the losing traders hang out on a site called "elitetrader.com" to talk trading? :confused:

I can understand posting here in Econ, or P&R or chit chat, but losing traders who do nothing but complain about their own washout and how they are convinced if they couldnt do it, no one can, have no place in the actually trading forums. Take your negativity elsewhere :)
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We are anxiously awaiting your journal or even a few real time calls to determine your actual acumen. Otherwise you are just a would of should of could of guy who lives in the past on a chart.

We are not interested in your claims or chest beating bragadio. We are real traders, some of us have been at this game since the early 1990's. It's easy to tell BS, after awhile.
 
LOL.....why are you responding to my post? I didn't quote you and aren't you a 'winning' trader? :confused:

Quote from marketsurfer:

We are anxiously awaiting your journal or even a few real time calls to determine your actual acumen. Otherwise you are just a would of should of could of guy who lives in the past on a chart.

We are not interested in your claims or chest beating bragadio. We are real traders, some of us have been at this game since the early 1990's. It's easy to tell BS, after awhile.
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Quote from Fireplace:

LOL.....why are you responding to my post? I didn't quote you and aren't you a 'winning' trader? :confused:
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Read my journal that has documented all my trades in near real time since 2002 and answer the question on your own.

Once again.

We are anxiously awaiting your journal or even a few real time calls to determine your actual acumen. Otherwise you are just a would of should of could of guy who lives in the past on a chart.

We are not interested in your claims or chest beating bragadio. We are real traders, some of us have been at this game since the early 1990's. It's easy to tell BS, after awhile so put up the evidence, as many of us have done or learn quietly.
 
Told you at least twice so far that my trading frames are much faster than yours and, when I get signals I am actively sizing in and managing my positions. Last thing I have time to do is post a trade. Right now am between trades so I have time to post this. If you are/were a real trader, you'd understand that the trade is more important than any of the other BS.

By the way, it's WAY too easy on this site to falsify "real time calls". Anyone who posts them has a 30 minute window to 'change the past'......besides journals are for noobs or snake oil salesmen of which I am neither.

PS Since you are not a short term trader, I completely expect you not to understand but not really too worried about it :)

Quote from marketsurfer:

Read my journal that has documented all my trades in near real time since 2002 and answer the question on your own.

Once again.

We are anxiously awaiting your journal or even a few real time calls to determine your actual acumen. Otherwise you are just a would of should of could of guy who lives in the past on a chart.

We are not interested in your claims or chest beating bragadio. We are real traders, some of us have been at this game since the early 1990's. It's easy to tell BS, after awhile so put up the evidence, as many of us have done or learn quietly.
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So somebody started this thread on a website owned by guys that made $100,000,000 in their own lifetime from trading... what's he going to do for an encore?
 
Quote from Eight:

So somebody started this thread on a website owned by guys that made $100,000,000 in their own lifetime from trading... what's he going to do for an encore?
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Baron made 100 million USD from trading? Very nice!!
 
Quote from EMRGLOBAL:

Really NY HOOD? I'm surprised as when reading ET, with all these successful Day traders on this site....I thought it was instant cash to the road of millions!!!:D

But to be serious. You are more than correct. I had this argument with Victor Nedier....and all his fund guys. Now we all know that even the "Professional" money managers and hedge fund managers can blow up. However, Day Trading is a pipe dream unless:

You are well capitalized...and I mean well capitalized. Day trading firms are no longer the model to trade by as they do not capitalize you, they pool your money with everyone one else. Which is fucking crazy.

You have a great mentor. I was with Schonfeld during the hay day and I witness good people like Mr. Rearden, Larry Fisher, the Russian all teach their traders how to make money. The mentor program was one of the best in the industry. However, we all know where the "Day Trading" model went in the last 7 years.


If you want to be a "Trader", working on the floor, in the pits, working on a desk is the only true way to go IMHO and it is longevity.

There are the 1% who can trade and make a true living from home, but 99 fail in the long run.

I had to leave the business as i failed. No regrets and it open doors for me to be a player in the Global World of "Private Equity".

unfortunately , many who fail will not wake up until it is to late and they are on the streets, in their underwear, holding their shoes and asking for spare change.
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The trading floor and the pits? What year are you in...1995? I know plenty of guys from the NYSE floor....AMEX floor...SP Pits....Oil Pits......the days of making money down there have been over for years.

Stick to you PE bullshit...you know nothing about trading.
 
Quote from EPrado:

The trading floor and the pits? What year are you in...1995? I know plenty of guys from the NYSE floor....AMEX floor...SP Pits....Oil Pits......the days of making money down there have been over for years.

Stick to you PE bullshit...you know nothing about trading.
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BINGO!......my sentiments exactly.
 
Quote from Fireplace:

Seems to be human nature on ET to argue passionately about things one doesnt really understand or do for a living :)
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may i please.... ditto.... ditto.... ditto....

it is much better to keep your mouth wired shut on anything and everything that is not directly based on your personal knowledge nor experiences.

well, i me and myself excepted, alright? LOL :cool:
 
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