Is day trading worth it?

Still sitting in this range. Price tested the last swing high at 0750 but returned to the range. Now it appears ready to test that level again. This BTW using a 5m interval.

The mean of this range BTW is 57.5.

0900 and price is returning to the range.
 
cornix said:
Thanks. See where's the problem: what you tell makes perfect sense to me as theory of the markets. But it isn't strictly a call or prediction by any means.
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Well stated corn. Just like surf's old Gann channel method -- a momentum based long short dual directional system. It works great in volatile markets/stocks --- but remove the volatility and the entries fail again and again.
 
sellindexvol66 said:
i have to bump some (not all, lol) of DP points

enough said on that. he knows me well, as i know him..and we have disagreed our share..but one thing we have in common is ability to trade for decades..quite well.

Nodogi....u have to be a crackpot (and then some) to say (which i read verbatim) u never lose anymore...are there really people here who actually believe this nonsense?
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I don't think she said she never loses anymore. What she said was, it is very difficult to have a losing day and it is very rare to have those anymore.

So she rarely has down days, don't need to mention down weeks.....

You might have traded "quite well" for decades, congrats on that, but I suppose there's a difference between "quite well" and "legendary great" traders.

NoDoji is the outliers of outliers, the black swan of black swans.
 
cornix said:
Thanks. See where's the problem: what you tell makes perfect sense to me as theory of the markets. But it isn't strictly a call or prediction by any means.
More...

Watch price. Now. The TR is not theoretical, nor is price's position in it.
 
Grandluxe said:
I don't think she said she never loses anymore. What she said was, it is very difficult to have a losing day and it is very rare to have those anymore.

So she rarely has down days, don't need to mention down weeks.....

You might have traded "quite well" for decades, congrats on that, but I suppose there's a difference between "quite well" and "legendary great" traders.

NoDoji is the outliers of outliers, the black swan of black swans.
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You realize by saying these things she is claiming to be the best trader who has ever lived--by default--- Do you really believe her?
 
cornix said:
Thanks. See where's the problem: what you tell makes perfect sense to me as theory of the markets. But it isn't strictly a call or prediction by any means.
More...

Spot on!

Talking in generalities means jack, but easily impresses the newbies. Just be vague enough and you're basically right no matter what happens.

dbphoenix,

Post a call including risk, entry and exit or take your philosophy to one of your ten other threads.
 
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