Day trading is losers game

[riffrafffpatrol]

Quote from oilfxpro:

No words are neccesary!Retards would not understand..

Need to change your handle and remove patrol.

Similar to my AAPL example that I provided a link on-- take a look at LNKD today...

Price rises rapidly during the first 15 min bar of the open....

In the meantime to the left of the chart we see strong resistance from 5/18 where price drops violently from a high of $ 109.47...time at this level is minimal... a stop above the high of the day with an entry on the 3rd 5 min candle that failed to make a new high after a large extended range candle resulted in a drop of almost 3 1/2 points...

Most interesting however is where price stops and reverses-- $ .04 above the pivot low from Friday! $ .04!!! Why didnt market makers not only take out the low... but drop drastically below the low??? Surely the MMs see the stops???

Olix-- is this noise? Of course not... there are plenty of spots on the chart where noise exists... this isn't one of them... When you can recognize the setups... with proper risk mgmt and position sizing... success at day trading is feasible.... simple as that.

 

[oilfxpro]

Quote from riffrafffpatrol:


Here's a tip for you-- get an education how markets really work olix-- there still is hope for u

Not buying snake oil trading education.

 

[riffrafffpatrol]

Quote from oilfxpro:

Not buying snake oil trading education.

Who said anything about "buying"???

I am starting to see a pattern here now olix- you make to many assumptions.

I dont sell education! But I make it a point to educate myself everyday in the markets.... you really should try to do the same...

No need to spend any money-- seek out the education available that is free-- there are many resources. Of course its not totally free-- it takes time-- hours and hours and hours over a period of 1-2 years before you will finally get it...

The examples I gave you arent just coincidences.... you simply need to know what to look for...

This stuff is NOT easy-- I am not suggesting that at all-- but it is possible to succeed if you apply yourself... something you havent been willing to do yet.

 

[PHOENIX TRADING]

Quote from plyka:

god only knows what the hell this guy is talking about.

Must be obama's financial advisor.
Quite frankly I've never known of a marxist advocating a return to the gold standard.

 

[Xspurt]

This thread is typical of the hilarious well trodden path for the majority on ET.

Oily has an experienced reality: he has proven to his hearts content that he can't daytrade and his conclusion is profound - if he can't daytrade then no one can.

He is so convinced of his brilliance that anyone attempting to show him an alternate reality is in his mind a con artist. To counter anyone attempting to show him how a set up works he has his rule book of Daytrading Traps & Failures.

It might be quite valuable because doing the opposite of what he says is closer to the way to success. What is funny is how after all these pages some people try to convince him otherwise.

If a set up is good, the time frame doesn't matter. As I have said before, I'll post a few charts here without the time frame on them and I challenge oily to tell me which are daily, weekly, hourly, minute or 10 second charts.

If you can't tell the difference, then how can you trade them differently? Instead of saying what doesn't work, why not say, here is the way to trade this chart.

It's a figment of the imagination to think signals on one chart that are the exact same on another chart don't work because it says a particular time frame.

Here is how to PROVE day trading set ups don't work: put up a daily chart and demonstrate a set up that works. Then put up an intraday chart with the same set up and show why it fails. The problem is not that Oily can't daytrade, it's much deeper seated than that.

 

[ExchangeBonds]

Oil is either delusional and mentally unstable (my guess) or a giant troll. He's gone from wanting to day trade oil when he first came here to saying day trading is a losers game to I need to hire people to trade for me for my longer term trades that might appear during the night to finding a system that works for day trading currencies. Give me a break. Is day trading possible or not, make up your mind.

 

[oilfxpro]

Quote from ExchangeBonds:

Oil is either delusional and mentally unstable (my guess) or a giant troll. He's gone from wanting to day trade oil when he first came here to saying day trading is a losers game to I need to hire people to trade for me for my longer term trades that might appear during the night to finding a system that works for day trading currencies. Give me a break. Is day trading possible or not, make up your mind.

Day trading is difficult and it is a hard game ,until you master it.When you master it , it is a holy grail.

 

[cornix]

Quote from oilfxpro:

Day trading is difficult and it is a hard game ,until you master it.When you master it , it is a holy grail.

Why is it a losers game then?

 

[oilfxpro]

Quote from Xspurt:

This thread is typical of the hilarious well trodden path for the majority on ET.

Oily has an experienced reality: he has proven to his hearts content that he can't daytrade and his conclusion is profound - if he can't daytrade then no one can.

He is so convinced of his brilliance that anyone attempting to show him an alternate reality is in his mind a con artist. To counter anyone attempting to show him how a set up works he has his rule book of Daytrading Traps & Failures.

It might be quite valuable because doing the opposite of what he says is closer to the way to success. What is funny is how after all these pages some people try to convince him otherwise.

If a set up is good, the time frame doesn't matter. As I have said before, I'll post a few charts here without the time frame on them and I challenge oily to tell me which are daily, weekly, hourly, minute or 10 second charts.

If you can't tell the difference, then how can you trade them differently? Instead of saying what doesn't work, why not say, here is the way to trade this chart.

It's a figment of the imagination to think signals on one chart that are the exact same on another chart don't work because it says a particular time frame.

Here is how to PROVE day trading set ups don't work: put up a daily chart and demonstrate a set up that works. Then put up an intraday chart with the same set up and show why it fails. The problem is not that Oily can't daytrade, it's much deeper seated than that.

Don't worry ! Soon this will be my pitch on E T to sell trading education on day trading.

 

[mcgene4xpro]

Quote from Fireplace:

Humans are amazing.....when they don't succeed at something they believe it must be because it's impossible. LOL

The best post i read today. Agree 100%