Looks like Thai to me.
Grim future for day trading as a career
- Thread starter Q3D
- Start date
Looks like Thai to me.
I wish I had such reflexesOur futures trading is fully automated. We were in and out before I could basically take few breaths. Just cost of doing the business.
I'm not into automation but its obvious to me that automation has an advantage during fast price movement like that price spike out of nowhere.
Huh? My timeframe? I have no timeframe, I have no belief in trading as a career in present , or future. I didn't read any logical explanations of how HFT and algorithms have changed price action until I started prying seasoned traders such as Al Brooks (not doing well) about how they are doing currently and reading academic articles suggesting more embarassing facts than most DDTs are divulging.
I don't even believe daily charts are trade-able by non-automated individuals with a goal of anything more than hobby with a potential for income generation. Not because I'm trying to sell an alternative but I have tried it with more will than most of my peers, and realized that successful trading for a sustainable source of income is extremely unlikely and has more do with starting capital and chance circumstances than anything else in the rare event that it happens.
It's morbidly amusing how experienced online traders won't talk about their wins or losses at all, except when they're selling mentoring or trading products or implying they're winners by bashing people who are warning others about the dangers of trading in the present and future.
I'm curious, you state you gave it more "will" than most. How much time did you spend (# of years and avg hours per day studying) and what did you spend your time doing? What basic framework/concepts were you looking at? Who did you follow to get your trading method/ideas?
60-90 hours per week times 52 weeks times 4. Edwards, Magee, Bulkowski, Levefre, Brooks, Mike Big, rational induction and deduction, all for naught. Many other unnamed and derivative shills for day trading were invested in, all for naught. Veteran DDTs not disclosing portfolio returns, but hinting at negativity, strengthens my arguments.
Tons (thousands) of online traders that talks about their wins and losses every trading day. Yeah, there are many that do not talk about their wins/losses but it doesn't take away the fact that thousands do talk about their wins and losses.
http://www.elitetrader.com/et/index.php?forums/journals.29/ (under the ET heading called "Trading for a living"...reality is that most are part-time but a few are full-time)
http://www.stocktwits.com (real time and after the fact trade posting or analysis...some post brokerage statements)
https://futures.io/trading-journals/ (several post broker statements and/or real time trades)
http://www.financialchat.com/ (out of several hundred traders...15 well known profitable traders that have been posting their real time trades for +10 years...they are not vendors...all chat rooms are free. They are well moderated)
http://www.othernet.org/ (out of about 100 traders...5 well known profitable discretionary traders that have been posting their real time trades for +10 years...they are not vendors...all chat rooms are free. They are well moderated)
Your argument is weak because the above links contains thousands of discretionary traders and hundreds that give general information about their trade methods if asked nicely (don't show up to tell them what you say here...you'll be laughed at). Just as important, many (hundreds) do in fact post their wins:losses.
I can name 10 more free resources involving discretionary traders that talks about their wins:losses almost every trading day...some even post real time trades but I think the above is enough information to keep the none believers busy for a few years.
Also, I'll predict that the above links will still contain similar like number of discretionary traders 10 years from now...I think they've hit bottom with the number of users in comparison to the peak of users in the dot.com days.
P.S. Twitter is also a popular resource but more difficult to research in comparison to Stocktwits.
P.S.S. The above links prove you're just fabricating things in an attempt to make your illusions seem real.
You've now joined my ignore list.
http://www.elitetrader.com/et/index.php?forums/journals.29/ (under the ET heading called "Trading for a living"...reality is that most are part-time but a few are full-time)
http://www.stocktwits.com (real time and after the fact trade posting or analysis...some post brokerage statements)
https://futures.io/trading-journals/ (several post broker statements and/or real time trades)
http://www.financialchat.com/ (out of several hundred traders...15 well known profitable traders that have been posting their real time trades for +10 years...they are not vendors...all chat rooms are free. They are well moderated)
http://www.othernet.org/ (out of about 100 traders...5 well known profitable discretionary traders that have been posting their real time trades for +10 years...they are not vendors...all chat rooms are free. They are well moderated)
Your argument is weak because the above links contains thousands of discretionary traders and hundreds that give general information about their trade methods if asked nicely (don't show up to tell them what you say here...you'll be laughed at). Just as important, many (hundreds) do in fact post their wins:losses.
I can name 10 more free resources involving discretionary traders that talks about their wins:losses almost every trading day...some even post real time trades but I think the above is enough information to keep the none believers busy for a few years.
Also, I'll predict that the above links will still contain similar like number of discretionary traders 10 years from now...I think they've hit bottom with the number of users in comparison to the peak of users in the dot.com days.
P.S. Twitter is also a popular resource but more difficult to research in comparison to Stocktwits.
P.S.S. The above links prove you're just fabricating things in an attempt to make your illusions seem real.
You've now joined my ignore list.
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hi Q3D
with some degree of curiosity,
after having spent so many many hours,
investing in trying to figuring out the in
and out of trading; and the conclusion was,
"....all for naught" !
isn't there anything at all that could be
possibly salvaged?
the like of which may or may not included;
alright, i learned my lesson, regardless of
how much volumn there appeared to be,
at that moment;
i would not and i won't buy at the higher high,
rather i would sell, most probably, at the next
higher high.... or something like that?
well, better take the above with a grain of iodined salt from
krabi or phuket or samui, for that matter.
may i assure i have no intention to ridicule or anything
negative here, alright.
just curious, cause every aspired successful trader to be, already
knows for certain that in order to trade profitably, consistently and
sustainably, each must discover at least 2 or 3 elements, if not more, elements of
the structure of HOLY GRAIL which mainly consists of.....
<fill in the blank, as you please; or as your past experiences
in trading direct you to share whatever, only if you wish to....?
well, got to go to fresh fruits market picking up some veggies for my kids now.
so long for now, everyone and thx much for your time and indulgence again.
again the attachment is just for fun and entertainment with no trading advice
intended or otherwise, k.
@debitspread
the typo is in thai, my keyboard won't let me do chinese, malay, or hindu.
it looks really artistic, isn't it?
you know what it does though?
before i would click on buy or sell button,
i would always check with the posted
analyses first? reason? it is a summary of
6 interactive statistical formula which results in
telling me, if at that particular second,
the specific trend is probably higher or
lower.... but many times just as soon as
the fills were confirmed and showed up on
my screen. the color and the analyses panel
changed readily, resulting in stopouts seconds later.... lol
wishing you profitable trading.
the typo is in thai, my keyboard won't let me do chinese, malay, or hindu.
it looks really artistic, isn't it?
you know what it does though?
before i would click on buy or sell button,
i would always check with the posted
analyses first? reason? it is a summary of
6 interactive statistical formula which results in
telling me, if at that particular second,
the specific trend is probably higher or
lower.... but many times just as soon as
the fills were confirmed and showed up on
my screen. the color and the analyses panel
changed readily, resulting in stopouts seconds later.... lol
wishing you profitable trading.