Is day trading worth it?

[jack hershey]

Can someone translate that to a yes or no answer ?

Anyone can make any amount in a year they wish.

Beginning on Monday with a fixed amount of contracts and sweeping on Friday allows for any lifestyle level a person requires.

I posted the daily take for all trades with 5 contracts.

And I posted three consecutive days with 100 contracts just taking the opening trade each day.

Pekelo proved he couldn't read prints. This is ET. You want a particular answer; be helpless; who cares.

 

[masterm1ne]

Anyone can make any amount in a year they wish.

To Jack's credit, his insanity is probably on par with those that make 1b per yr trading.

 

[drownpruf]

Anyone can make any amount in a year they wish.

Beginning on Monday with a fixed amount of contracts and sweeping on Friday allows for any lifestyle level a person requires.

I posted the daily take for all trades with 5 contracts.

And I posted three consecutive days with 100 contracts just taking the opening trade each day.

Pekelo proved he couldn't read prints. This is ET. You want a particular answer; be helpless; who cares.

You trade AUM of $100k in your 80s and lied about your fills on the Doaks thread.

 

[elt4x]

I wholeheartedly agree here as well. Working with a partner in a physical room (and not just on a chat or a Skype call), was another one of the large improvements in my performance over the past year. I definitely recommend leaving your house and treating it like a job, it helped me immensely!

Wow. Never thought about this. I think i better join an fx club around my area. It's kinda hard to trade while ur kids are yelling right behind ur door....

 

[d08]

Wow. Never thought about this. I think i better join an fx club around my area. It's kinda hard to trade while ur kids are yelling right behind ur door....

Might have something to do with testosterone levels. Having a bunch of competitive guys cramped together in a room will definitely result in higher testosterone levels than being around your kids or wife at home.

 

[Alpha Trader]

The symmetrical triangle pattern breakout is based on price breaking one of two converging trend lines.

I use those little symmetrical triangles on the 1-min chart to assist me with precision entries because I have a fairly small max risk per trade.

But my main trading chart, the one that gives me the big picture, is the 5-min chart. The trend lines I draw there appear on my 1-min chart where I take my precision entries.

Here is how a setup based on the 5-min trend line looks at the hard right edge of the 1-min chart.

This post is so begging for your involvement.

http://www.elitetrader.com/vb/showthread.php?p=3971644#post3971644

 

[Handle123]

I started out studying day trading and spent thousands of hours trying to figure out the nature of intraday movements. I've had periods of success and feel that I have a very good read of the market most of the time, but ultimately, I was not consistently successful for various reasons.

Trading many years now, looking back, backtesting the "what ifs", I would be up min of seven times what I have accumulated right now if I had NOT gone into day trading and just did long term trading in stocks. So many don't realize what you have to give up to day trade eventually profitably by small percentages. I gave up at least a full decade of vacations, thousands of hours of backtesting and had to learn how to code which I didn't want to learn, thousands of bucks on equipment and redundancy of "what if" the cable/electric/dsl/satellite/computers/brokerage took a dump. Then the countless 10,000-20,000 hours spent behind a screen. You have to have incredible amounts of perseverance, and baby you have to have tunnel vision.

Trading stocks so much easier, market goes up 2/3rds of the time, when the world is bullish, start getting out. Actually have a life when you check your position each week and not have to check screen each tick. It has gotten easier with automated trading though. You have to be a tad on the psychotic to become good day trader, I am so there. Steal from the inexperienced and place in your account. But I do love the game, pick up my laptop and trade from anywhere.

So you have to ask yourself, "Do you feel lucky punk, well do ya"?
http://www.youtube.com/watch?v=u0-oinyjsk0

Takes a lot more than luck. Yea, am psychotic, now I lick my chops when I hear someone read a book and papertraded a whole month and opened an account, chickens to the fox. ROFLMAO
http://www.youtube.com/watch?v=crcHA_j30PQ

 

[DewarFlask]

Exactly. The guru never lose this way and his image of perfection and ego remains intact.

There was a guy who posted super advanced analysis in the ES-journal and actually seemed rather impressive, but once he started posting live calls it was scratches, losses and excuses all over the place.

I believe one guru in this thread made a call, but apparently the market did not go his way and it was apparently a scratch.

Or so we're told...

And then there was another guy, who amongst other feats, calls and wonders, humilliated Larry Williams, amongst others, in real time, in this forum, and often to the tick. He also swept the floors with the likes of Volente, Atticus (drownpruf, etc). Also in real time.

He was not a guru, though. I believe he used to be a recruiter.

I heard he quit trading, but still makes a lot from a trading corporation, managed by retards supervising sub-retards.

 

[smallStops]

I am realising that around 3-5 months ago, there seemed to be a lot of optimism, confidence, and might even say euphoria on the forum about trading. NoDoJi was praising "teaching classes", etc. Now many statements carry a dose of disillusionment. . What happened?

 

[DewarFlask]

I am realising that around 3-5 months ago, there seemed to be a lot of optimism, confidence, and might even say euphoria on the forum about trading. NoDoJi was praising "teaching classes", etc. Now many statements carry a dose of disillusionment. . What happened?

Maybe their methods were not sophisticated enough for the current opponent.