Is day trading worth it?

dbphoenix said:
Or anyone who's interested could just read your journal, which is two weeks short of a year. Unless they want to believe that you've been lying all this time. In which case somebody has a serious problem that won't be fixed on a message board.

Not likely that the trolls will. So this will go on until the trolls get tired of it. And they will. Eventually.
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You keep saying this about "Trolls". I dont see any trolls in this thread.

Can you produce one piece of evidence that you have a student killing it with your techniques? No.

On the other hand, you did call people asking such question, trolls.

What gives?
 
Laissez Faire said:
I don't see the point with a bet.

Freely summarize your stats? If you're serious about your trading, you should be having detailed statistics on your trading performance already.

Knowing your ROI or P&L in dollars (assuming you're trading U.S. markets) should be a bare minimum.
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Here is the context. I am a beginner. Until last April, I had never even drawn a trendline before. Since then I have been sim trading so that I can establish a method before going live. A large part of my effort is based on interpreting what DB has freely shared on this site.

So this bet will in some way measure whether a beginner can become profitable by employing the fundamentals of Price Action.

I told you I am currently BE. Regarding stats- You are the counter-party to this bet, so I am not going to break down my MAE/MFE for you. This is not an academic dissertation. It's a bet.
 
Daring said:
You keep saying this about "Trolls". I dont see any trolls in this thread.

Can you produce one piece of evidence that you have a student killing it with your techniques? No.

On the other hand, you did call people asking such question, trolls.

What gives?
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It's classical guru talk.

Anyone who's in disagreement or questions his teachings are categorized as:

- trolls

- low hanging fruits

- not willing to put in the work

- trying to blame someone outside themselves

So on. See? The guru is ALWAYS right.

Just to clarify my own point for anyone who's reading:

I believe it's possible to trade (both day trade and swing trade) for substantial profits, but it's much harder than most people will want you to believe and I am CALLNG out on BULLSHIT that I'm seeing here recently.

Newbies are of course easily fooled and impressed with a few charts and a few lines.

Guess what? I've made tens of thousands of dollars and still lost in the end.

You've made a few winning trades? Get over yourself already. :)
 
game said:
Here is the context. I am a beginner. Until last April, I had never even drawn a trendline before. Since then I have been sim trading so that I can establish a method before going live. A large part of my effort is based on interpreting what DB has freely shared on this site.

So this bet will in some way measure whether a beginner can become profitable by employing the fundamentals of Price Action.

I told you I am currently BE. Regarding stats- You are the counter-party to this bet, so I am not going to break down my MAE/MFE for you. This is not an academic dissertation. It's a bet.
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Okay. What do you propose the bet should be?

Let's hear it.

You probably think you're smarter than me and you may very well be, but I have over 5 years of exposure to the markets, periodically 24/7, so I'm not new to this game.

You're BE simulator trading, I was at a point + 1000% swing trading stocks with real money. And I made a good size of profits day trading ES as well. Real money.

I'm not naive any longer, but there's a good chance you are. No offense.
 
Daring said:
You keep saying this about "Trolls". I dont see any trolls in this thread.

Can you produce one piece of evidence that you have a student killing it with your techniques? No.

On the other hand, you did call people asking such question, trolls.

What gives?
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If you don't see any trolls, just pull up in front of a mirror.

Who the hell cares whether they're "killing it" (whatever that means) or not? This is not an arena. At the moment, they're pulling themselves out of years of "non-success" and learning how not to lose. Nearly all the people who post here would consider it quite an achievement if they could just stop losing. Some have turned the corner. Some are only beginning to do so. But that's the whole point of the journaling process, not to provide "calls" for those who are too lazy or too cognitively-challenged to formulate a consistently-profitable trading plan.

Perhaps when one of them begins to "kill it", he will tell you what to do so that you might begin "killing it" yourself, though I can't imagine why he'd want to.
 
Laissez Faire said:
It's classical guru talk.

Anyone who's in disagreement or questions his teachings are categorized as:

- trolls

- low hanging fruits

- not willing to put in the work

- trying to blame someone outside themselves

So on. See? The guru is ALWAYS right.

Just to clarify my own point for anyone who's reading:

I believe it's possible to trade (both day trade and swing trade) for substantial profits, but it's much harder than most people will want you to believe and I am CALLNG out on BULLSHIT that I'm seeing here recently.

Newbies are of course easily fooled and impressed with a few charts and a few lines.

Guess what? I've made tens of thousands of dollars and still lost in the end.

You've made a few winning trades? Get over yourself already. :)
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So you're still a losing trader and you still don't have a trading plan. What does that have to do with me?

Rather than continue to wallow and to carry such a monumental grudge toward a mentor who screwed you, wouldn't your time be better spent learning how the markets work and putting together a trading plan that will take advantage of that? If you can't succeed in a bull market, good luck when the next bear market arrives (why am I not surprised that you've only been doing this for five years?).

Compared to you, Game's BE is quite an achievement.
 
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