Does any one make money intrady trading
- Thread starter gifropan
- Start date
Quote from Cocaine:
Losers always come up with excuses for why THEY cant do it. Its always someone out there holding THEM down. They almost never think to look in the mirror to find the source of the problem.
Most people are too weak, bottom line
Maybe you are correct Coc. I dont how sufficient interest to be concerned why people say things cannot be done.
I stick to what I do know and I do know that day trading is highly profitable.
regards
f9
Haha! A nice post to scare off a newbie!
We need a "tongue-in-cheek" icon!
We need a "tongue-in-cheek" icon!
Quote from osorico:
It's IMPOSSIBLE to produce regular income by daytrading!
The TV gurus are 100% correct; listen to them! And add a subscription to Money Magazine too. And don't think for one minute you can compete with those black-box super-computers and the lemming quants that do the programming. A daytraders sole purpose is to fund the day-to-day operations of brokerage houses and clearing agents through commissions and fees. Exchanges go public because data requires much more infrastructure funding than the data fees generated by daytraders. 3rd party software, newsletters, and systems, exist only to propagate the dream. Even uncle sam uses arbitrary definitions for equity daytraders. Daytrading just isn't feasible.
I wish ET had a question of the year forum.
Osorico
I am quite intrigued by the response my post has had.
Although I have not made a success at it, yet, nevertheless I do not think that it is an impossible task. I agree that it is difficult, in fact extremely difficult to do it right. What the "secret" is I do not know yet but I will put up this question in defense of the successful daytraders. If it is at all possible to make money in the markets, then why should it exclude daytrading activity. The market does not know the trader's intention or time horizon when he or she puts on his or her trade. It could not possibly have anything against them. I would love to hear more and perhaps someone can be kind enough to put of a few pointers for the rest of us to pursue.
Thanks
Gifropan
Although I have not made a success at it, yet, nevertheless I do not think that it is an impossible task. I agree that it is difficult, in fact extremely difficult to do it right. What the "secret" is I do not know yet but I will put up this question in defense of the successful daytraders. If it is at all possible to make money in the markets, then why should it exclude daytrading activity. The market does not know the trader's intention or time horizon when he or she puts on his or her trade. It could not possibly have anything against them. I would love to hear more and perhaps someone can be kind enough to put of a few pointers for the rest of us to pursue.
Thanks
Gifropan
Quote from osorico:
LOL.
My guess it's what the OP wanted to hear. Why would someone post such a question... To add credibility to the belief that it can't be done!
just helping the OPs cause
Osorico
I do don't follow you by "what the OP wanted" to hear. I did put up the post as a genuine question because of my own inability to find a successful trading strategy. I am glad to hear that there are people out there who are making money daytrading because it makes me keen to work harder at solving what I call the "trading riddle".
Gifropan
Serious...
Here is THE secret... there is no secret!
Why would you think trading, regardless of sytle, is any different than any other profession?? 90% of restaurants fail. Why would trading be any different. Some people have a knack for sales, others do not. Can sales be a learned profession? Why would trading be any different. Now then, if you wanted to be a Doctor, what steps would take? OK, so you want be a trader? What steps would take? Now you can post some worthwhile questions, based on where you are in the curve.
Osorico