Is day trading worth it?
- Thread starter Laissez Faire
- Start date
You might buy the book but you can't stay away from et .
Avoiding his 10 running threads on the same failed topic and scam is strong motivation.
No student has come forward - give me a f'in break - None of you have looked hard enough to see what's right in front of you.
It is stupid threads like this with stupid fuhcks like the idiots that DbPhoneix and NoDoji lower respond to that has for the most part had me swear off this place.
I'm a straight line trader, and I learned it from reading DbPhoenix's stuff and practicing and trading. If you go back to the original If you can draw a straight line thread, you will see day after day where I posted my charts in the morning detailing where I'd be looking for a trade and then posting the very f'in trades with blotters later that morning.
Guess what, the trolls then ignored me and turned to attacking DbPhoenix. WTF is wrong with you people? How many stupid people spend time on stupid message boards talking about how impossible it is to trade. What a waste of time!
Here are two examples of what I was posting in the original straight line thread:
Back then I considered that I was "killing it," as I was making more in a morning than I was in a week at my then day job. That was nothing though. My trading profits for March just ended are more than I earned from my last year full-time at my day job. That is "killing it." You want proof - f'off. I learned from the response I got from posts like I refer to above that proof is NOT what any of you want. You want to continue to suck others into your black holes of despair by discrediting and discouraging others.
If you can't read the first few pages of the original If you can draw a straight line thread and learn to trade from it, then you're an idiot.
For all those who are trying to learn DbPhonix's method, ignore the trolls, and focus on your own work. Trolls can say what they want. I've had my ET fix for the quarter and I'll probably not log in again until Memorial Day or so.
No student has come forward - give me a f'in break - None of you have looked hard enough to see what's right in front of you.
It is stupid threads like this with stupid fuhcks like the idiots that DbPhoneix and NoDoji lower respond to that has for the most part had me swear off this place.
I'm a straight line trader, and I learned it from reading DbPhoenix's stuff and practicing and trading. If you go back to the original If you can draw a straight line thread, you will see day after day where I posted my charts in the morning detailing where I'd be looking for a trade and then posting the very f'in trades with blotters later that morning.
Guess what, the trolls then ignored me and turned to attacking DbPhoenix. WTF is wrong with you people? How many stupid people spend time on stupid message boards talking about how impossible it is to trade. What a waste of time!
Here are two examples of what I was posting in the original straight line thread:
Back then I considered that I was "killing it," as I was making more in a morning than I was in a week at my then day job. That was nothing though. My trading profits for March just ended are more than I earned from my last year full-time at my day job. That is "killing it." You want proof - f'off. I learned from the response I got from posts like I refer to above that proof is NOT what any of you want. You want to continue to suck others into your black holes of despair by discrediting and discouraging others.
If you can't read the first few pages of the original If you can draw a straight line thread and learn to trade from it, then you're an idiot.
For all those who are trying to learn DbPhonix's method, ignore the trolls, and focus on your own work. Trolls can say what they want. I've had my ET fix for the quarter and I'll probably not log in again until Memorial Day or so.
Awesome. Another after the fact killing made!
Hey "Mr." A*swipe,
He requires proof on this thread (LF wager), but cowers when proof is demanded of him (my wager). He states that he shorted NQ in advance, but only posts charts after the move (Friday) and worse, takes a 40 point open to close move and states that he made "80" or the entire daily ATR (Monday).
He has the gall to bring up the two trades I posted in r/t this week. 11 pts in ES (my largest futures trade in 5Y) and GOOG long. Both posted in real-time and marketable. ES trade was 10x risk and GOOG was 6.5x.
He has an open invitation to login to my "1615" account, I will provide user and pswd, the only account number I post on here, and vet the trades in question. My only requirement is that he reciprocates and allows me the same access to his account with the (non) trades he stated he took on Friday and Monday in the NQ.
He demands proof on this thread and then tells everyone to fcuk off when the same is asked of him. When it goes beyond hypocritical it's called a scam.
When I started trading the ES I kept separate records of my pnl from daytrading the cash ES and swing trading the options. sometimes I made more from daytrading and other times it seemed swing trading saved the day I do think there is a lifestyle issue but there is no reason you can't do both
My primary trade is swing trading the options but on days where I can focus on the market and it has either a clear trend or decidedly choppy I will take a few short term trades, but find it is definitely more stressful
Furthermore,
If DBP won't allow me reciprocal access to his account then I suggest we do what DBP chastised LF for avoiding... a competition in production accounts.
We trade our respective accounts from now until Sep30 (six months) and have someone audit the performance of both accounts. I don't give two shits who does the accounting as long as there is ostensibly a lack of bias.
All aboard the excuse train!
If DBP won't allow me reciprocal access to his account then I suggest we do what DBP chastised LF for avoiding... a competition in production accounts.
We trade our respective accounts from now until Sep30 (six months) and have someone audit the performance of both accounts. I don't give two shits who does the accounting as long as there is ostensibly a lack of bias.
All aboard the excuse train!
Sometimes reading u guys make my head clear spin off that I have to ask,
Wouldn't the simple thing for db to do is post a screen shot of the trade instead of endless posts that he really did it?
Of course thats too simple and would ruin the wizard of oz show.
I will admit those who find excuses why posting shots is not necessary for best proof of said trades are nearly believable, lol
The single straight horizontal line on a chart is the most natural and quintessential form of annotation and indication that one can apply.
Such beautiful simplicity should not be underestimated though, implemented in the correct manner, the single straight horizontal line can yield great power.
I like to think of it as the E=mc2 of financial chart science.
Of course, it's absolutely useless in the wrong hands, and only the most creative and intellectual will garner any kind of worthwhile output from the SSHL.
Such beautiful simplicity should not be underestimated though, implemented in the correct manner, the single straight horizontal line can yield great power.
I like to think of it as the E=mc2 of financial chart science.
Of course, it's absolutely useless in the wrong hands, and only the most creative and intellectual will garner any kind of worthwhile output from the SSHL.
It looks like this thread get people's emotions flying high.
So to answer again to the question :
"Is day trading worth it? "
No if you can't do it
Yes if you can, though it can be bittersweet
Now it has moved to :
"does trying this or that method worth it?" and emotions have been
flying really high about DbPhoenix, and NoDoJi.
--> If any of these have charged you, and you are not happy, because you feel that they took you for a ride : ask a refund.
--> if any of these have promised you xxxx amout of $$$/year after whatever they offered and you are not there : explain exactely what they promised you.
--> If what you are regretting is your time : please precise how long you have "lost"
following such and such method ?
I am myself a very very very slow learner, so I usually need at least more than 3000hrs just to understand one specific method. But that is just me.
--> Now if you want reasons to follow DbPhoenix or NoDoJi :
just ask them what you should expect to get in clear terms/metrics
Now if your objectif is to warm others ( very laudable) : let us criticize the method.
I guess this will allow a better understanding of the method.
Disclaimer : I have been swindled and taken for a ride by many "methods" vendors.
It costed me a LOT of money. At the end, I just learned that I needed to do my own work.
Now I would say that anybody whose trading problem is "method" only has to start somewhere, so why not DbPhoenix or NoDoJi or any other? as it is also free , as long as the person is on sim, the only thing lost is time ( yes time is precious, but I remember a prop firm who would let people sim trade for a minimum of 4 years full-time! lol).
So to answer again to the question :
"Is day trading worth it? "
No if you can't do it
Yes if you can, though it can be bittersweet
Now it has moved to :
"does trying this or that method worth it?" and emotions have been
flying really high about DbPhoenix, and NoDoJi.
--> If any of these have charged you, and you are not happy, because you feel that they took you for a ride : ask a refund.
--> if any of these have promised you xxxx amout of $$$/year after whatever they offered and you are not there : explain exactely what they promised you.
--> If what you are regretting is your time : please precise how long you have "lost"
following such and such method ?
I am myself a very very very slow learner, so I usually need at least more than 3000hrs just to understand one specific method. But that is just me.
--> Now if you want reasons to follow DbPhoenix or NoDoJi :
just ask them what you should expect to get in clear terms/metrics
Now if your objectif is to warm others ( very laudable) : let us criticize the method.
I guess this will allow a better understanding of the method.
Disclaimer : I have been swindled and taken for a ride by many "methods" vendors.
It costed me a LOT of money. At the end, I just learned that I needed to do my own work.
Now I would say that anybody whose trading problem is "method" only has to start somewhere, so why not DbPhoenix or NoDoJi or any other? as it is also free , as long as the person is on sim, the only thing lost is time ( yes time is precious, but I remember a prop firm who would let people sim trade for a minimum of 4 years full-time! lol).
As to excuses, you obviously have "issues." I mean, If this weren't the internet - if instead DbPhoenix had a brick and mortar trading school where he taught the straight line method for free, and where he gave every student all the text book material for free, and where all the students were free to attend or not, free to continue or not, and you still showed up everyday asking him for account statements and trade confirmations and hounded his students for proof that they were learning anything at all, you'd be arrested for harassment. A sane person would not be behaving as you and so many others are here.
No one owes you or any of these other cuckoo's anything - this is the internet and no one is asking or coercing anyone to do anything against his will and no one is asking for money. Personally, I don't think any of you really trade. And guess what? It doesn't matter to me at all whether you do or not. Who gives a fuck? I mean, other than to you and the other crazy people, who gives a fuck?