Day Trading Surges In Popularity, This Won’t End Well

[Ayn Rand]

This market has a very up side bias. Wonder why? Some of the best trades have been to go long on Friday.

I am up lots but I am out. I did options on GS and APPL. I have had enough.

To those about to Rock we Salute You!!!

 

[gaussian]

Just like the meteoric rise in trading just prior to the dot com bust we are seeing it again here.

Stonks only go up so why not gamble to make those crazy tendies.

 

[Overnight]

Just like the meteoric rise in trading just prior to the dot com bust we are seeing it again here.

Stonks only go up so why not gamble to make those crazy tendies.

Not all stocks have an eternal upward bias. Only the indices.

 

[Tradex]

I have been reading ET posts since 2014 and frankly didn't see too many unprofitable day traders, except me.

You mean you have not found a profitable trading system yet?

 

[Ayn Rand]

I did less than $25,000 and did options on APPL and GS and went to the Moon.

Not saying I could do it again but I was blessed to do it at least once.

I kind of want to do it again but - having some problems trying to figure out how to spend all the money.

Trips and stuff are not like they used to be.

There is lots and lots and lots of money out there. It almost seems like they are let you have it for free. I did have a few days when I was down Big Time but somehow it always came back.

If you want to make a lot of money fast do options.

 

[Overnight]

I did less than $25,000 and did options on APPL and GS and went to the Moon.


If you want to make a lot of money fast do options.

What happens if they went to hell, instead of the Moon?

 

[Tradex]

If you want to make a lot of money fast do options.

An even faster way is to trade the Forex.
Plus the trader has no time decay that works against him.

If the trader has a profitable trading system, his optimal move is to trade highly leveraged financial instruments.

 

[smallfil]

Most day traders risk 50% or more of their monies on each trade. They want to be a millionaire overnight when the smarter route is to have a risk management rules and keep your risk to 2% per trade. If they survive long enough, they may figure out how to day trade. Not a day trader although, I gave it a go and was not very good at it. Much better at swing trading and trend following.

 

[Tradex]

the smarter route is to have a risk management rules and keep your risk to 2% per trade

Splendid, that's the secret right there (assuming the system has a trading edge to begin with).

 

[Ayn Rand]

An even faster way is to trade the Forex.
Plus the trader has no time decay that works against him.

If the trader has a profitable trading system, his optimal move is to trade highly leveraged financial instruments.

You are right. I did some other trades and lost and decided to quit.

God Bless America .