Is day trading worth it?

[NoDoji]

PS I notice people been asking DB for proof for the past 15 years LOL

If DB posted at least 5 years of audited broker statements demonstrating that he's made a six-figure profit every year, would you try to master the method he's been giving away all this time?

Would the broker statements prove that the method he's giving away is the method responsible for his six-figure annual profits?

Wouldn't it make more sense to study his method, apply it to the instrument of your choice and log the results in a spreadsheet, and if the results are positive over a series of 100 trades, practice trading it real-time in a sim account?

Wouldn't that be a personally responsible way to try and learn to trade, a way that would give you the ammo you need to trust your own trading, and a way that costs nothing but your time (which you're spending quite a bit of reading and posting on ET anyhow)?

 

[DR.BOUYE]

...I've provided a detailed trading plan along with its rules...


Unless you have the code in detail, your discretionary plan along with it's rules are pretty much worthless.

Quite unsavoury, don't you think?

The Urban Trading Dictionary: Discretionary - A term used as a 'get out of jail' clause, adopted by online scammers, rotters, and various other types of unscrupulous vendors.

 

[dbphoenix]

...I've provided a detailed trading plan along with its rules...

Unless you have the code in detail, your discretionary plan along with it's rules are pretty much worthless.

Quite unsavoury, don't you think?

The Urban Trading Dictionary: Discretionary - A term used as a 'get out of jail' clause, adopted by online scammers, rotters, and various other types of unscrupulous vendors.

Well, it's been good for a hundred years, so I'll go with the weight of the evidence.

 

[DR.BOUYE]

Well, it's been good for a hundred years, so I'll go with the weight of the evidence.

Only in hindsight, my dearest.

 

[dbphoenix]

Only in hindsight, my dearest.

And what is your trading plan?

 

[DR.BOUYE]

And what is your trading plan?

What do you require? Uploaded copies of various pink and yellow 'post-it' notes inscribed with personal reminders?

Don't ask such ludicrous questions DB.

Send me your email address, I will personally invite you to an all expenses paid visit to my London offices. The first class travel arrangements alone will make the journey worthwhile, assuming you're an economy class type of guy.

 

[dbphoenix]

What do you require? Uploaded copies of various pink and yellow 'post-it' notes inscribed with personal reminders?

Don't ask such ludicrous questions DB.

Send me your email address, I will personally invite you to an all expenses paid visit to my London offices. The first class travel arrangements alone will make the journey worthwhile, assuming you're an economy class type of guy.

No post-its, no travel. Just post your plan. If you choose not to, that's perfectly okay. Let's just not fog up the issue.

 

[Laissez Faire]

If DB posted at least 5 years of audited broker statements demonstrating that he's made a six-figure profit every year, would you try to master the method he's been giving away all this time?

Would the broker statements prove that the method he's giving away is the method responsible for his six-figure annual profits?

Wouldn't it make more sense to study his method, apply it to the instrument of your choice and log the results in a spreadsheet, and if the results are positive over a series of 100 trades, practice trading it real-time in a sim account?

Wouldn't that be a personally responsible way to try and learn to trade, a way that would give you the ammo you need to trust your own trading, and a way that costs nothing but your time (which you're spending quite a bit of reading and posting on ET anyhow)?

According to this type of logic, it shouldn't matter if I study dbphoenix or this guy:

mfbreakout used to post here. He posted entries and exits at prices that had not even traded. I do not believe he can trade at the hard right edge. He is, however, a master of hindsight trading.

 

[actionzip54]

These threads are hilarious.

I'm not saying DB or Doji are or aren't profitable but what I don't understand is why either one feels the need to defend themselves? If you're profitable, who cares? It's bloody stupid to argue with people on here. You can't win.

For the record, I think both are probably profitable. How profitable? I don't know.

 

[Grandluxe]

Well.... I see this same thing on Bigmike's vendor section a lot... Last I looked they were talking about OPenTrader and some guys Ziad and Awas who promised to show daily pnl a year ago, and still haven't done it.

LOL guys doesn't take a genius to see what is really going on. Even if those guys can make money trading, they probably make more by selling training and with less stress.

Even Big mike admitted that he almost bankrupted himself daytrading futures. He had made money swing trading stocks and quit his job he hated to try and trade for a living. Almost went bankrupt with daytrading, lost enough money to make most grown men cry (his words). Thanks to the success of his forum however..... he hasn't had to return to the working world, and says he has found profitability in longer term trading.

Is it the same with Baron here? He makes more money from this forum than actual trading?