Is day trading worth it?
- Thread starter Laissez Faire
- Start date
db : with all due respect, can't we have some trading bets once in a while to break the boredom?
Let's wait for LF to join in, as my proposal was first to him.
Why don't you start by sharing your performance?
BE. Now that we are in bet mode, I am sure you will understand my reluctance to freely summarize stats for you. However, you are welcome to compile them yourself by going through my journal. The point of all this is not to see who is right - but simply to bet. Let us bet.
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.
Who's bored? This week has been a hell of a lot more exciting than most.
What's confusing about it?
I dont need trading help, but I'm a TA advocate, considering it's a lonely profession and my family and peers know nothing about its technicalities I frequent a public forum, presumably where I would find "Elite Traders", and when I see somebody kindly sharing trading ideas, I take the time to read and examine.
At first, it all looks like altruism, so you thank the people, you are in awe. When you dig a little deeper, you find yourself wasting your time, reading about crap that you already know, that either does not work or it's marginally profitable.
Why the anger? Time wasted, back to the charts, the only true learning playground.
sorry : I am preparing for my next month trading .
Anyway, done now. Time for some real entertainment here.
I've been active on this site for a few weeks. I honestly don't know how guys like DBP or women like ND can put up with this endlessness. (BTW I am a DBP disciple). DBP has written many times that (and I'm paraphrasing) a trader should actively take themselves out of the market and that letting the market decide if you get stopped out is not the sign of a winning trader.
This conversation (has he/she proved he/she is profitable) seems to me to be the exact same thing - a sign of someone wanted something outside of themselves to make decisions for them. All one has to do is read a few pages (48 to be exact) pull up a few charts, draw a few lines and make an evaluation for himself whether there is merit to this approach. I don't know what ND's approach is but I would wager there is a similar simple test one could do.
If DBP proves he has made 1 billion dollars using his method it still doesn't mean it is the right fit for you. To my knowledge ND has proved she made consistent money using her system yet clearly that isn't enough or all these people endlessly questioning the validity of an approach to the market would follow her methodology. Its the holy grail after all right?
Many lean, few lift.
This conversation (has he/she proved he/she is profitable) seems to me to be the exact same thing - a sign of someone wanted something outside of themselves to make decisions for them. All one has to do is read a few pages (48 to be exact) pull up a few charts, draw a few lines and make an evaluation for himself whether there is merit to this approach. I don't know what ND's approach is but I would wager there is a similar simple test one could do.
If DBP proves he has made 1 billion dollars using his method it still doesn't mean it is the right fit for you. To my knowledge ND has proved she made consistent money using her system yet clearly that isn't enough or all these people endlessly questioning the validity of an approach to the market would follow her methodology. Its the holy grail after all right?
Many lean, few lift.