Is day trading worth it?

[Aj2014]

its mine

Could you teach me to trade like you if I promise to only ever trade very very small size?! I'll even 'pinky promise'

 

[Scaleout.Scalper]

Here you go Freak, traded a bit more cause all this ET warzone made be hyper had to pull the trigger a few more times

 

[NoDoji]

Post an annotated chart it's called hindsight.

Come on, anyone with half a brain knows that what you see in real time is totally different from the chart you see at the end of the day. Everyone knows that the price bars all look back at the end of the day and say, "Quickly, quickly, organize yourselves according to those stupid trading book rules or we'll be out of a job!"

 

[NoDoji]

Here you go Freak, traded a bit more cause all this ET warzone made be hyper had to pull the trigger a few more times

That's sweet of you, Scaley, but you KNOW you're consistently profitable because you use PRICE DRIVERS!!! Stop with this TA bullsh*t, giving false hope to the masses, jeez!

 

[tiddlywinks]

Come on, anyone with half a brain knows that what you see in real time is totally different from the chart you see at the end of the day. Everyone knows that the price bars all look back at the end of the day and say, "Quickly, quickly, organize yourselves according to those stupid trading book rules or we'll be out of a job!"

Ahhhh, so it's the price bars that control this whole trading thing. All this time I thought price bars got their directives from bots. But it's really the price bars talking amongst themselves. A whole new world has been opened up... Now I can kill it!

 

[NoDoji]

jeeze man...i'll just post one time here..so u can go on lining up people.

i have more pnl posts than anyone here on et...some have posted larger of course..but no one has been more consistent than me since 2008.

Really? I began posting my P/L every trading day in July 2008 and posted daily through May 2010, which probably adds up to more than 400 blotters. I don't recall seeing your posts back then. You must've been posting under a different name.

 

[Scaleout.Scalper]

That's sweet of you, Scaley, but you KNOW you're consistently profitable because you use PRICE DRIVERS!!! Stop with this TA bullsh*t, giving false hope to the masses, jeez!

Had to use "search" to understand what you were saying. now I fully get it.

Thankfully, no price drivers were used to make money, only price bars, lines, and a few "useless" indicators.

 

[CMEmembers]

quote

daytrading is toughest way to make easy money in wall street.

Hello all,

I started out swing trading stocks by submitting orders and managing my positions outside market hours. In a relatively short amount of time, I made what seemed like (and was) a small fortune to me at the time. My method was simple and stress free, but after honoring my stops always, I found myself in a large position that went against me immediately and I simply could not take the loss. The position continued to go against me while I prayed and hoped. You know the drill. I puked at the bottom, only to see the market rise without me. Unspeakable! Fortunately, I was smart enough to withdraw my money and still had more than double of what I started with.

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.

In the end, I was tired of trading US hours while living in Norway and I was tired of being glued to the screen all day long. If I had made a load of money day trading, it would probably have been different, but I had some of the same concerns during the periods where I pulled home some coin. It just did not seem rewarding to me and it actually started to bore me.

Right now I'm not trading. I'm a full-time student of mathematics and physics, devoting most of my time there. But I'm still attracted to the markets and I am planning my return, just not sure if going back to day trading is worth it or even if I have the time to do so. I'm 100% convinced that day trading successfully can be done, so that's not within the scope of this discussion.

I'm just thinking that swing trading may be just as rewarding, less stressful and even more financially rewarding than day trading, while at the same time leaving time to pursue other interests (which I have a lot of).

Any thoughts on the subject?

Please keep it civil. : )

Thanks.

 

[CMEmembers]

Daytrading today is mostly controlled by HFT machines and fully automated now.

Hello all,

I started out swing trading stocks by submitting orders and managing my positions outside market hours. In a relatively short amount of time, I made what seemed like (and was) a small fortune to me at the time. My method was simple and stress free, but after honoring my stops always, I found myself in a large position that went against me immediately and I simply could not take the loss. The position continued to go against me while I prayed and hoped. You know the drill. I puked at the bottom, only to see the market rise without me. Unspeakable! Fortunately, I was smart enough to withdraw my money and still had more than double of what I started with.

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.

In the end, I was tired of trading US hours while living in Norway and I was tired of being glued to the screen all day long. If I had made a load of money day trading, it would probably have been different, but I had some of the same concerns during the periods where I pulled home some coin. It just did not seem rewarding to me and it actually started to bore me.

Right now I'm not trading. I'm a full-time student of mathematics and physics, devoting most of my time there. But I'm still attracted to the markets and I am planning my return, just not sure if going back to day trading is worth it or even if I have the time to do so. I'm 100% convinced that day trading successfully can be done, so that's not within the scope of this discussion.

I'm just thinking that swing trading may be just as rewarding, less stressful and even more financially rewarding than day trading, while at the same time leaving time to pursue other interests (which I have a lot of).

Any thoughts on the subject?

Please keep it civil. : )

Thanks.

 

[FreakofNature]

90min left for the close, let's see how many walk the talk

Net result: One person posted blotter, several gave excuses, the rest play dumb.

Elite.