Is day trading worth it?

[Daring]

, only in advance.

I think you mean, only with ambiguity and severely lacking in risk management details.

 

[dbphoenix]

I think you mean, only with ambiguity and severely lacking in risk management details.

So in June you were complimenting me on how "clear and effective" my approach was, and in May you were commenting on my "great posts". Something has changed, and it hasn't been me.

As I said, best of luck in your trading. In the meantime, just put me on Ignore.

 

[NoDoji]

Consider the comments:

Lescor trades stocks, arguably one of the few no nonsense profitable traders on the site, he said, he never met anyone killing it trading futures.

Last but not least theres NoDoji, who worked her ass off developing and fine tuning a scalping system based on teachings from books and friends, now telling everyone how easy all is or can be, yet when asked about size, she seems to be trading piker size when everything is supposedly so easy for her.

The way your comments come across to me is that a six-figure annual trading income from stocks is more "legit" than a six-figure annual trading income from futures unless the futures trader generates his/her income by trading a certain minimum number of contracts.

Also, I don't recall telling anyone how easy it is to be a consistently profitable trader. If I've said that here on ET, I apologize. I do recall starting a thread not long ago about how it's difficult. I do frequently comment that the setups commonly found on-line, in books, and in certain webinars still work after all these years.

 

[trendo]

Some people get better because they keep studying the market, then they attribute such improvements to the teachings of others, but the fact is, none of these geeks are killing it, not one.

What would you say is "killing it" in minimum % returns per month? (Or any other metric that would add clarity to your definition of "killing it.")

 

[Scaleout.Scalper]

I think by killing it he meant "10k per day" average and referring to "students" not mentors.

I certainly don't fit that profile.

 

[cornix]

How about Cornix? Cornix started a journal.

Now in hindsight: both my approach presented in that journal and the journal itself were mistakes. That's it. Mistakes happen and (hopefully) make us evolve.

 

[cornix]

That one stroke out on the first innning.

Another PA advocate, begins a journal, the result were net losses or breakeven or some other bullshit like that, not worth re-searching.

Now that he decided to stop doing the journal his system is doing great.

Another Elite Comedian.

You're right. That was a stupid idea. I am not going to repeat that mistake once again.

Recently I only drop my 2 cents in any threads on general matters and/or area where I am truly confident (psychology).

If people truly want to know something, they just ask. No need to play guru and tell something nobody asked you to tell. I somewhat agree with you here.

 

[Laissez Faire]

Yep mad at the bullshit Gurus who can't back up their claims or cannot produce one stellar student with proof of consistency with size talking shit and teaching shit for years to come.

According to dbphoenix, gurus have zero responsibility for their actions and every responsibility is on the student.

I find it strange that a zillionaire trader like dbphoenix are selling an ebook for $30 through paypal.

 

[Laissez Faire]

Now in hindsight: both my approach presented in that journal and the journal itself were mistakes. That's it. Mistakes happen and (hopefully) make us evolve.

Thank you for being honest and best of luck forward.

What a great place this could be if people actually were honest and upfront. I do realize it's a pipe dream, but I'm a dreamer.

 

[smallStops]

Now in hindsight: both my approach presented in that journal and the journal itself were mistakes. That's it. Mistakes happen and (hopefully) make us evolve.

Cornix: do you mind going back to your journal and highlight the mistakes you've made. This in a good way. Thanks in advance.