Is day trading worth it?

NoDoji said:
Am I the only one whose brain completely locked up while reading this?
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:)

I'm waiting for the evidence that I've "blown up".

Ah, Friday afternoon, and so many people missing so many spectacular trades . . .
 
pinkman said:
have you kept a tally in your journal of your daily profits/losses, Game?
Or do you have your overall performance thus far to hand?
cheers
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Sorry just saw this. Same answer as before to LF. Awaiting his response to proposal.
 
green.green said:
I should really stop posting in this thread because I have my own trading homework to do but Niko makes a sound point. Can someone explain to me what would drive a person to give away trading knowledge for years without ever trying to make a buck from the legion of traders who would have gladly paid him? If the only answer one can come up with is "ego" then why is DBP constantly giving credit to Wyckoff? Why does he remain anonymous? Why isn't he making outlandish claims about how much money he has made?

The only other explanation I can come up with is either that DBP is completely insane or he is a sociopath who has for years toiled with one goal in mind - of ruining the low hanging fruit he claims to be looking out for. This is where Occam's razor comes in handy.
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Ok, so what you're thinking is that dbphoenix is just an altruistic market wizard trillion trader who spends all his free time (including market hours) teaching guys how to become millionaires?

Do you think a trillionaire master trader would be selling an ebook for $30 through his private email account?

Could it be that through his activites here and on other sites, he gets to feel important and validated? Recognized?

This is what I call being gullible, nothing personal.

It could very well be that dbphoenix is making money trading, but at this point, I have to say that I severly doubt it. It just doesn't add up.

I'm just asking you newbies to thread carefully and don't believe everything you're told.

Best of luck.

Sincerely.

dbphoenix said:
That's it? That's your proof? We've gone through all this nonsense and this is the best you can come up with?

Amazing.
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What? You don't believe I'm a loser?

game said:
No you are not new to this game. I am. Since there is a good chance I am naive as well, you will not mind giving me 5 to 1 odds. In fact, considering how 'difficult' day trading is and that 90% + fail, this is a fantastic bet for you.

Once again, this is not about who is smarter than who. It's just an experiment on many levels.

Possible Bet:

I have until July 1st to begin live trading.
From July 1 to Dec 31st, I will return 50% + annualized.

If I return 50% + annualized, I win.
If I return between 30% and 50% annualized, it's a draw.
If I return below 30% annualized, you win.
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So it's just a bet without any money staked?

I'm in.

Are you going to post a broker statement then?
 
Laissez Faire said:
So it's just a bet without any money staked?

I'm in.

Are you going to post a broker statement then?
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There is a stake. Odds are 5 to 1, so you tell me the risk you are comfortable with and I will confirm if it works for me. Yes I will post a statement at the beginning and end of the bet period.

Edit: The actual payment can be handled after Dec 31st on good faith.
 
Laissez Faire said:
It could very well be that dbphoenix is making money trading, but at this point, I have to say that I severly doubt it. It just doesn't add up.
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The plan's there. The rules are there. The trades are there. All you have to do is track them.

What? You don't believe I'm a loser?
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I thought we'd already established that. I was looking forward to some evidence that you had actually made money at some point.
 
game said:
There is a stake. Odds are 5 to 1, so you tell me the risk you are comfortable with and I will confirm if it works for me. Yes I will post a statement at the beginning and end of the bet period.

Edit: The actual payment can be handled after Dec 31st on good faith.
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Just out of curiosity, how are you two going to show that these "proofs" are real?
 
game said:
There is a stake. Odds are 5 to 1, so you tell me the risk you are comfortable with and I will confirm if it works for me. Yes I will post a statement at the beginning and end of the bet period.

Edit: The actual payment can be handled after Dec 31st on good faith.
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Sorry, but I'm not interested in that of multiple reasons.

I propose you do post the statement regardless though and I sincerely wish you luck.

dbphoenix said:
The plan's there. The rules are there. The trades are there. All you have to do is track them.

I thought we'd already established that. I was looking forward to some evidence that you had actually made money at some point.
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I'm not the one being a market wizard on ET and making great claims. If you think I fabricated that thread and those numbers, feel free to do so. Not sure what I would have to gain from that though.

Where's the evidence that you ever made money?
 
Friday afternoon, and drama on ET...:eek: Now I know, why I couldn't stay away from ET for close to 10 years; it's better than TV...lol

Schaefer
 
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