Is day trading worth it?

drownpruf said:
Wow, those are some bad % losses, but commendable. You do realize it's 2014, not 2008?
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Yeah, that first year of finding and losing the Holy Grail several times was my wake up call to put together a real business plan for trading.
 
drownpruf said:
oh yeah, post one. here. you remember the 60 pts you made on Friday, posted 80 minutes after the close?
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You really ought to take up gardening. Or bonsai. Or maybe working with the homeless. Or disabled veterans. Get out of yourself a bit.
 
Laissez Faire said:
Do you ever have days like this now? Losing weeks?

Do you ever have losing days then?

Do you mind saying what you ROI was in 2013 on your day trading account? You don't have to post a blotter, I'll take your word for it.
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I never have days like that now. My trading plan includes strict risk management. Period.

If you apply my price action scalping methods to any intraday chart of CL or NQ or ES during regular trading hours, it should be clear that it would be extremely difficult to have losing days unless I a) had hardware/software/platform/internet issues, b) I was only able to trade part of the session, or c) I violated my rules.

I've had all of these things happen and it resulted in losing days.

I don't care to divulge any information about my ROI. Suffice it to say that trading provides a good living.
 
Laissez Faire said:
PS: Still pondering whether to continue day trading or swing trading. I feel I've come a very long way understanding intraday ES price action, so it's a little hard to let that go.
Best regards.
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You may "feel" you've come a long way, but if you really do have any understanding of "intraday ES price action", shouldn't you be making money hand over fist? It's a liquid market that's also very leverageable-- so any real understanding of it ("edge"?) should yield significant, if not astonishingly colossal, returns. (No offense intended here -- I'm just suggesting you consider this in order to help you decide what you do best.)
 
NoDoji said:
I never have days like that now. My trading plan includes strict risk management. Period.

If you apply my price action scalping methods to any intraday chart of CL or NQ or ES during regular trading hours, it should be clear that it would be extremely difficult to have losing days unless I a) had hardware/software/platform/internet issues, b) I was only able to trade part of the session, or c) I violated my rules.

I've had all of these things happen and it resulted in losing days.

I don't care to divulge any information about my ROI. Suffice it to say that trading provides a good living.
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Extremely difficult to have losing days is very impressive.

Thanks.

Occam said:
You may "feel" you've come a long way, but if you really do have any understanding of "intraday ES price action", shouldn't you be making money hand over fist? It's a liquid market that's also very leverageable-- so any real understanding of it ("edge"?) should yield significant, if not astonishingly colossal, returns. (No offense intended here -- I'm just suggesting you consider this in order to help you decide what you do best.)
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Let's say I understand part of the puzzle.

Understanding the complete picture, not taking bad trades and being able to profit on it day after day is something completely different.

Let's take any given day next week, and I'll give a live call on the ES market.

Maybe the day high and the day low. Or a trade yielding a good size of profit. I can do that.

Doesn't mean I'm a brilliant trader just because I can call that. But it does mean I know a thing or two about the ES.
 
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