Diary of a very bad trader!

Quote from trader198:

my suggestion: never day trading

why?

in a day session, time is so short.

the intra-day chart is hard to predict, like gambling to me.

but in a long-term chart,it is easier and reliable to predict, if added some fundemental study, it is very reliable to predict.

look Down is at record high, those guys who bought at jan 2013 are all winners now, but look at intra-day Down, there is no systematic consistent intra-day movements there. if you study the movement of a particle of a steel ball, you will never figure out which direction/which way it goes, since it is totally random.

but a stell ball's movement (though particles made of the ball moves randomly,but the wholeball moves according to natural laws!) can be studied and its movement follows consistent God made laws. under what force, apply at which direction, you can easily deduce/predict how fast/howfar/whichdirection the steel ball go under what conditions!

that is why you should never daytrading
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That's your opinion. But it's money to be made in intraday trading.. BTW if the long term chart is easier and reliable to predict how come everyone isn't rich yet? Something to think about.. You said it not me.
 
The long term vs short term thing is interesting.

Look at the Dax, it's making all time highs at the moment, but how many traders rode it all the way up from 4000 in early 2009 ....?

And did many day traders in the Dax outperform the longer term rally in terms of points ?
 
We can all look at any historical chart and tell you where "someone" would've made beaucoup bucks if they bought that low or sold that high. You guys are silly. :p

Since you long term swingers know how to do this, please tell me right now what I should with what instrument(s) as a swing trader that will net me at least $80K over the next 12 months.

Keep in mind I have to pay those expenses monthly, so I'll need instructions that allow me to do that.

Now we'll see how smart you anti-day-traders are... :D :D :D
 
down around 20 ticks or so. I've had worse days.

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Quote from Mo06:

The long term vs short term thing is interesting.

Look at the Dax, it's making all time highs at the moment, but how many traders rode it all the way up from 4000 in early 2009 ....?

And did many day traders in the Dax outperform the longer term rally in terms of points ?
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You're including all those who held on while the DAX dropped 2500pts two years ago, right?
 
"You're including all those who held on while the DAX dropped 2500pts two years ago, right?"

I don't quite follow you.

I was just asking a genuine question, have many regular short term traders outperformed the index during its huge rally.

I don't trade the Dax these days, too stressful for me but for those who trade trade it it's a fantastic mover.
 
Quote from Mo06:

"You're including all those who held on while the DAX dropped 2500pts two years ago, right?"

I don't quite follow you.

I was just asking a genuine question, have many regular short term traders outperformed the index during its huge rally.
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Unless you assume that somebody bought at the bottom and is still in and unless you know how many, if anyone, held on when the DAX plummeted 2500pts, the question is unanswerable.

Even someone who applied Dow Theory principles -- which can be approximated using MAXOs -- would do better than buy-and-hold.
 
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