Is day trading worth it?

Lol just ran a random sim on that 80% 10-1 trading system. You could start with $100 dollars, risk 50% a trade and have 3 losers and still have run your account to 338k in thirteen trades.


Snort, I'm dying here.:p

Edit: Wrong number, bahahahaha, it's actually 10mm after 13 trades. My bad.
 
actionzip54 said:
Lol just ran a random sim on that 80% 10-1 trading system. You could start with $100 dollars, risk 50% a trade and have 3 losers and still have run your account to 338k in thirteen trades.


Snort, I'm dying here.:p
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I think making $10 million+ a year makes you really, really angry though. Some people prefer peace and love :p
 
actionzip54 said:
Lol just ran a random sim on that 80% 10-1 trading system. You could start with $100 dollars, risk 50% a trade and have 3 losers and still have run your account to 338k in thirteen trades.


Snort, I'm dying here.:p

Edit: Wrong number, bahahahaha, it's actually 10mm after 13 trades. My bad.
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Not that I want to get into it but you are doing bad math. You are assigning risk and projecting profit off of that. What if DBP on average risks 4 ticks a trade and captures 40? What if he doesn't double his contracts until he is the entire market?
 
NoDoji said:
I think making $10 million+ a year makes you really, really angry though. Some people prefer peace and love :p
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I suppose I shouldn't surprised that no one in dp's posse has asked how long a trading period resulted in that win rate and P:L ratio. Nor should I be surprised that they don't understand the P:L ratio that results when one cuts his losses short and lets his profits run.

As for the probabilities inherent in large numbers, perhaps you could explain that to him. Apparently he knows nothing about it. Though you certainly don't have to. Deaf ears and all that.
 
actionzip54 said:
People who have to defend themselves constantly in order to "prove" they are good traders without just showing proof are either really f-ing bored and like to argue or they are just stupid.

In my experience in life, business, sport, tiddly winks, the mediocre people are the ones who feel the need to tell everyone how good they are at an activity. The best are usually just recognized as the best or have the stats to back it up.
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That sums it up.

This is exactly like the old Marketsurfer threads we've seen many times before (not that I blame MS more than any other participants)............... Endless arguing about trading but no actual trading. Bragging of one's trading prowess but no actual trading to back it up. Claiming to have made r/t calls when in fact it never happened.

Topics like this should be moved to the Chat-Chat, or better yet Politcs & Religion forum. If the gurus dont want to trade that's fine, but then this becomes a religious argument and you may as well be arguing with a religious guru to prove that the afterlife really exists. Then you have acolytes defending a method that they haven't tested let alone traded or made money from, and defending gurus who they know absolutely nothing about. IMO they aren't defending the method or the guru.............. they are defending their beliefs and hopes/dreams.

So this becomes more of a religious debate and that is what fires everyone up...... and like a religious debate there can of course be no possible resolving of the conflict. Those who believe in a higher power vs those who don't........ the guru says "Trust me" and skeptic says "Prove it".............. with the absence of proof neither can prove the other wrong. So send this and all the guru circus threads to CC or P&R where it belongs. There's no need for this crap in a legit trading topic, which this obviously is not.
 
Pigsky said:
So send this and all the guru threads to CC or P&R where it belongs. There's no need for this crap in a legit trading topic.
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Now that I agree with. This thread lost its practical value about 600 posts ago.

Contact whatever moderator is responsible for Career Trader.
 
Here's another trade that may appeal to NoDoji. I bought the GOOGL 620P. I was working 20 but got filled on one before the stock ran lower. A fcuking one lot and it's one more than your DBP acolytes have done today. And yes, it's the only thing I got done today as TWS is not quoting complexes on the GOOGL.

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green.green said:
Not that I want to get into it but you are doing bad math. You are assigning risk and projecting profit off of that. What if DBP on average risks 4 ticks a trade and captures 40? What if he doesn't double his contracts until he is the entire market?
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Do you know math? Do you understand risk management?

It wouldn't even matter that much if he didn't double contracts, and at that win rate/ RR you would be stupid not too, you would still make astronomical profits. Also the amount of ticks he risks is irrelevant to the expectancy of a system/ gambling game. This is really basic stuff. If you're a supposed poker pro you should understand that pretty easily. Basically when looking at those stats you should just assume that DBP is playing a game where he wins almost every roll and wins big. It's absurd and unrealistic.


Also, my math is 100% right.
 
NoDoji said:
Sure, took that initial TL BOPB long, my target wasn't taken, so I scalped a bit out of it, then re-entered on the 2nd pullback to it and did lock in my min tgt.

I shorted 99.60 after the news release for a scalp and then thought it would break down and let it take me out b/e :(

Bought 99.57 after the .43 internal double bottom, got tgt on that.

Bought 99.67 during the 11:42 bar, clean 1-2-3 setup off the adjusted LTL and took profit at the upper channel in the 99.90's

Shorted the break of the 12:50 5-min bar because of the triple top formation, target .81 (previous breakout of 99.80 resistance likely to become support) and proximity to the LTL.

Didn't go long off of that because by the time it became a valid signal per my plan, it didn't pullback to where I wanted to buy.
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OK thanks NoDoji. Still trading, will have a look in detail later.
 
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