I finally Quit Daytrading after 5 years

julian0625 · May 13, 2011

Quote from Notes123:

Maybe I am the reason of so many losers coming out of the closet.

These closet losers are thinking: "Notes123 gets on the forum and fails openly, why do I hide in the closet? I am going out and announce my failure too."

There is nothing to be ashamed of in trading, everybody makes mistakes, including blowing up.

My point is stop calling people idiots or losers... youve made the same mistakes as you just pointed out.

Notes123 · May 13, 2011

Quote from flyingdutchmen:

who the fuck do you think you are calling ppl idiots, didnt your mother teach you any manners ? welcome to my ignore list

Just when I thought I had seen enough idiots in this thread, another one popped up!

You put me on your "ignore list"? Now that will be the end of me, I am really worried.

Idiot! Do I care if I am on your "ignore list"? This is a public forum, nobody knows you, you idiot! You might be a dog or a cat in front of a computer.

note: I will buy you some dog food, if you take me off the "dog's ignore list."

jo0477 · May 13, 2011

Quote from Notes123:

Just when I thought I had seen enough idiots in this thread, another one popped up!

You put me on your "ignore list"? Now that will be the end of me, I am really worried.

Idiot! Do I care if I am on your "ignore list"? This is a public forum, nobody knows you, you idiot! You might be a dog or a cat in front of a computer.

note: I will buy you some dog food, if you take me off the "dog's ignore list."

Or there might just be one fucking idiot in front of his computer whose name starts with Notes and ends in 123...

Funny how everyone else in this thread but yourself, including the OP who you went off on for absolutely no good reason, are "idiots".

Disagreeing with someone is fine - being a belligerent asshole for no good reason shows who the true clown is here

@ OP, best of luck to you and put this POS on ignore

Notes123 · May 13, 2011

Quote from jo0477:

for no good reason

oh, there is a good reason: I am the OP.

now you do understand how stupid you are???

one word describes you: gullible.

One cooks up a story and you idiots all jump in offering condolences. Hilarious.

jo0477 · May 13, 2011

Quote from Notes123:

oh, there is a good reason: I am the OP.

now you do understand how stupid you are???

one word describes you: gullible.

One cooks up a story and you idiots all jump in offering condolences. Hilarious.

Lol - I highly doubt it but just in case!

If that is the case, your English took a pretty quick nosedive so I'm guessing you didn't write it yourself.

Second, it's far from hilarious, it just makes you one of the worst people I've ever encountered...

guy990opl · May 13, 2011

You THINK you cooked up a story, but you are in it :-)

Daytrading is a pipedream.

Quote from Notes123:

One cooks up a story and you idiots all jump in offering condolences. Hilarious.

dalen · May 13, 2011

Quote from thesniper:

The first 2 years were unprofitable the last 3 years were profitable but I'm stuck in an 18 month long drawdown. I'm just too demoralized and tired of the stress to continue.
The money I can easily make back but all the time wasted impulsively gambling and all the life wasted from the stress - that I will never regain. No regrets, however - I learned lots about myself and the market. And fortunately, I have more than enough money to make it as a swing trader and investor so I will try that path the reminder of the year.

If swing and investing is so much easier and more profitable, why weren't you accomplishing that WHILE day trading. Help smooth out your equity curve. As for the 18 month draw down, surely as a successful day trader with a sound plan you should be able to pick apart why your edge isn't working no more. Make the adjustments (scalable), or reduce size and add more strats suited for this movement. I just don't see how you let it go on for that long.. Best of luck though.

Magic8 · May 13, 2011

Quote from dalen:

If swing and investing is so much easier and more profitable, why weren't you accomplishing that WHILE day trading. Help smooth out your equity curve. As for the 18 month draw down, surely as a successful day trader with a sound plan you should be able to pick apart why your edge isn't working no more. Make the adjustments (scalable), or reduce size and add more strats suited for this movement. I just don't see how you let it go on for that long.. Best of luck though.

edge, edge, edge... "you lost your edge." boo hoo.

He never had one. No one does.

It is an illusion.

nukethewhales31 · May 14, 2011

Quote from Red_Ink_inc:

The reason people fail at day trading is the same reason people fail in life. They have no discipline and expect it to be easy. They aren't willing to put the hard work in and have no game plan.

If you want to learn this game. I suggest you get a mentor as the pit falls are everywhere. Knowing how to avoid them is invaluable.

The steady stream of people who come here and tell anyone willing to listen that it can't be done are wrong. Is it easy, Hell no. Is it possible, Hell yes. They simply weren't cut out for it. Their personalities are more suited to different time frames.

I have been day trading for 12 years. My personality is suited towards it. Sadly, I make a shitty swing trader, as I am not a big fan of overnight risk. Doesn't mean swing trading is a waste of other people's time.

People with rigid opinions (and this site is full of them) aren't likely to succeed in this business on any time frame.

<iframe width="480" height="390" src="http://www.youtube.com/embed/USlnfTGlhXc" frameborder="0" allowfullscreen></iframe>

omg you guys crack me the hell up with these guru ass movies
ps. bruce lee got his ass mangled so many times

Red_Ink_inc · May 14, 2011

Quote from nukethewhales31:

omg you guys crack me the hell up with these guru ass movies
ps. bruce lee got his ass mangled so many times

Nice to see you totally missed the point. It doesn't matter if Bruce Lee was a martial arts specialist or an elementary school teacher. His profession is unimportant. Maybe you could get beyond that and just listen to what he's saying and apply it to other areas in life such as trading.

I bet if you did then your results would improve and maybe even turn positive.

Then again please keep doing what you're doing. I like you on that side of the fence.