Grim future for day trading as a career

I completely agree. I am a life insurance agent and i started trading online about 6 months ago. They always say you can do just that for a living, but since i mostly day trading, i insist on keeping it as something from the side and not go in the deep water and put in the big amounts. Reading this makes me feel like i am making good decisions.
 
speedo said:
Yep, great ranges and clean moves across a number of markets.
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That was not a clean move on the ES, you think that sort of fast retracement of a huge breakout was typical 10-30 years ago in the days of the pit?
 
Q3D said:
That was not a clean move on the ES, you think that sort of fast retracement of a huge breakout was typical 10-30 years ago in the days of the pit?
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Never traded the pit, had strong divergences on all my time frames which is a powerful reversal signal....shorted the lower high on the 3000 tick.
 
syswizard said:
You can just rent a co-located server housed near one of the exchanges. That pretty much eliminates their speed advantage over your workstation.
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Regardless of where my workstation is located? Regardless, markets should be competitive and transparent rather than tiered.
 
Google "daytrading" and watch all the articles appear dating years back about how its a "fools game" and isn't possible anymore. They make me laugh
 
Trader22 said:
Google "daytrading" and watch all the articles appear dating years back about how its a "fools game" and isn't possible anymore. They make me laugh
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Daytrading is definitely not dead -- it may just seem like it is...to the so-called traders/people...who did it in the mid/late 90's...when it was So Easy back then :oops:
1999.jpg
 
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