Giving up on day trading?

Quote from crater:



If you wish, I will give you some of the tools I use, and suggest areas for you to investigate.

Crater
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Please count me in also


Thank You Sir

RN
 
Quote from crater:

..... and suggest areas for you to investigate.
Crater
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That would be helpful to those of us still flopping in the mud. Thanks. :)
 
Quote from crater:

Since the beginning of this year, it has averaged 91.53%.
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Win rate isn't important.

If you win 90% of the time for dimes and you lose 10% of the time for dollars....

Some of the most profitable traders aren't even near 50-50 on their win rate, but their winners are massive and their losers are small.

That being said, whatever works keep doing it :)
 
Quote from crgarcia:

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There has never EVER been a documented case of a profitable daytrader.

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Wasn't Jesse Livermore considered the father of daytrading? He made millions and millions of dollars during his lifetime. That is billions of dollars in today term's of money power. The book Reminiscences of a Stock Operator by him was very widely read. Some said it documented his lifetime daytrading experiences well.
 
garcias rant is equivalent to ,"my wifes a bitch,all women are bitches"nowhere is it mentioned that he's an asshole or a saint,half the equation is missing..when i meet a guy like this...i don't ask for proof..his mind is set in stone..wake up garcia...you weren't born knowing, you were born innocent and void of any knowledge,hopefully ,every day ,you will be smarter than yesterday
 
Quote from NoDoji:

Yes, do share; I thought my win rate was stellar, but you win :D
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my win rate with CL so far this year is 100% but i still like to see all of you guys sharing good strategies over 90%:)

(in my trading time frame, price has never been against me over 12 cents)
 
Quote from hoffmanw:

Wasn't Jesse Livermore considered the father of daytrading? He made millions and millions of dollars during his lifetime. That is billions of dollars in today term's of money power. The book Reminiscences of a Stock Operator by him was very widely read. Some said it documented his lifetime daytrading experiences well.
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It is said some could read tape into profits before the advent of computers.
Not now. Even market makers quit their businesses due to losses.
 
Quote from dejavu8:

my win rate with CL so far this year is 100% but i still like to see all of you guys sharing good strategies over 90%:)

(in my trading time frame, price has never been against me over 12 cents)
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I believe I could have a win rate of 100% with my trading strategy but in order to accomplish that I would likely give up 50% or more of my profits. As it is, I often give up significant profits just by moving stops to break even too soon.
 
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