Day Trading Strategy

SunTrader said:
And the vast majority of long term traders get poor slow.
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Hello SunTrader,

Exactly, and if do long term trading, you get rich at 60 and you may pass away at 68.

Long term trading takes too long to see if you will get rich. Too much risk of loss opportunity.

Day trading far much better to do.
 
SimpleMeLike said:
Hello SunTrader,

Exactly, and if do long term trading, you get rich at 60 and you may pass away at 68.

Long term trading takes too long to see if you will get rich. Too much risk of loss opportunity.

Day trading far much better to do.
More...


Lol.

If I had a crystal ball to settle the bet, I would bet you are a losing day trader.

And I would bet if you pressed Market and Max on your 401K account for thirty or more years you would be big winner. If your retirement account is self-directed, you would buy Berkshire Hathaway every month.

Do you even personally know a day trader who has made money over a ten year period who you could have coffee with? I am sure you personally know many successful 401K holders.
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Day Trading:

The frictional costs, the algos, favorable rules for high frequency trading firms such as adverse fill selection for retail traders, and slower information flow are tough nuts to crack for all but 'perhaps" a tiny, tiny, tiny group.
 
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SimpleMeLike said:
Hello SunTrader,

Exactly, and if do long term trading, you get rich at 60 and you may pass away at 68.

Long term trading takes too long to see if you will get rich. Too much risk of loss opportunity.

Day trading far much better to do.
More...

Please don't interpret this as being critical as it is just a sincere question as to where you are now. In prior threads you admit that you are paper trading and I admire your determination to get it done. Where are you now? Have you found something that works for you or are you still refining in the demo account?
 
Illini Trader said:
Please don't interpret this as being critical as it is just a sincere question as to where you are now. I do not know what the word critical means. I welcome all recommendation, critiques, opinions are welcomed my way. I have no-one blocked or ignored on ET forum. This is the best place in the world to be. Bring on anything you like my way. My thinking is like Ray Dalio, I am radical open-mindedness, all is welcome. I will privately discard what is useful and not useful In prior threads you admit that you are paper trading and I admire your determination to get it done. Where are you now? Great question. I get closer and closer everyday. I still paper trade and actively search for Edges to trade systematically. It has been an extremely rewarding trading year for me. Have you found something that works for you Yes, it is ongoing. or are you still refining in the demo account? Yes, I still monitor and practice in Demo account. I am extremely thankful for demo or paper trading. Cost is $0.00 and practice is unlimited.
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Good Morning Illini Trader,

Merry Christmas buddy.

Please see my response in red
 
777 said:
The frictional costs, the algos, favorable rules for high frequency trading firms such as adverse fill selection for retail traders, and slower information flow are tough nuts to crack for all but 'perhaps" a tiny, tiny, tiny group.
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it's the way it has to be -
 
777 said:
Lol. LOL.

If I had a crystal ball to settle the bet, I would bet you are a losing day trader. Yes, I will bet you that I am not a losing a trader. Place your bet.

And I would bet if you pressed Market and Max on your 401K account for thirty or more years you would be big winner. If your retirement account is self-directed, you would buy Berkshire Hathaway every month. I agree 100%, I max my 401k to government limit, SP 500 index. This is very easy way to get rich. VERY, simple and easy. No brainer.

Do you even personally know a day trader who has made money over a ten year period who you could have coffee with? I do not worry or care about what other traders are doing. I know nothing. I am sure you personally know many successful 401K holders. I do not worry about what other investors in 401K are doing. I know nothing. I just invest in SP 500 index, nothing else to do.

All I know is this, the ES prices moves 23 hours a day, and I can trade up to X,XXX ES contracts and get rich quick. Seems like a great idea to me to do. And I can practice as much as like and build little fancy algos to test. All for the lovely cost of $0.00. Wow, I am so outrageously blessed to be in the USA. I love it. I can risk $0.00 to be a millionaire in nearly 1 year by simple trading the ES. Unbelievable. I have nothing else to do besides prepare for hunting season every year and play Madden and Call of Duty and play with dogs.
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Day Trading:

The frictional costs, the algos, favorable rules for high frequency trading firms such as adverse fill selection for retail traders, and slower information flow are tough nuts to crack for all but 'perhaps" a tiny, tiny, tiny group. I have no clue on this planet what a high frequency trading firms, retail traders, slow information and all that other fancy words you stated. The ES provides a fair environment for everyone to get rich. Just click Buy or Sell Button. I have no clue and I do not care. All I know is this, the ES prices moves 23 hours a day, and I can trade up to X,XXX ES contract and get rich quick. Seems like a great idea to me to do. I have nothing else to do besides prepare for hunting season every year and play Madden and Call of Duty and play with dogs.
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Good Evening 777,

Please see my comments in red
 
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