Is day trading worth it?

NoDoji said:
The symmetrical triangle pattern breakout is based on price breaking one of two converging trend lines.

I use those little symmetrical triangles on the 1-min chart to assist me with precision entries because I have a fairly small max risk per trade.

But my main trading chart, the one that gives me the big picture, is the 5-min chart. The trend lines I draw there appear on my 1-min chart where I take my precision entries.

Here is how a setup based on the 5-min trend line looks at the hard right edge of the 1-min chart.
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Not unlike the one I posted Tuesday morning, just before the open, just before we shot up 25pts.

Aren't they great?
 
hitchslap said:
Would the trading plan detail the method/reason for entry etc?

I mean, nobody with a genuine edge is gonna divulge that to a bunch of strangers.
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Of course. And why not? A "genuine edge" is nothing more than the probability that a particular market behavior will provide a consistently profitable result over time. The challenge lies not in finding an edge but in trading it.
 
dbphoenix said:
Of course. And why not? A "genuine edge" is nothing more than the probability that a particular market behavior will provide a consistently profitable result over time. The challenge lies not in finding an edge but in trading it.
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Announcement:
Sellingdexvol! Get your ass in here and tell me exactly how you do it!! (I won't hold my breath! ;))
 
dbphoenix said:
Of course. And why not? A "genuine edge" is nothing more than the probability that a particular market behavior will provide a consistent result over time. The challenge lies not in finding an edge but in trading it.
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Those with a proper edge that makes proper money would never give it away
 
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