Is day trading worth it?

[Spectre2007]

1)zip zap zip zap zip zip zip zip zip zip zip zip zip

2)zip zap zip zap zip zap zip zap zip zap zip

3)zip zap zip zap zap zap zap zap zap zap zap zap


2/3 probability of making money...you might need to smoke some shrooms to understand the above. Only enter into trades where 1,3 have a higher likelyhood of playing out. But see the human brain can't do it, it wants to be right at all costs even to point of loosing money.

 

[drownpruf]

I mean, if one sucks, what's the purpose of doing OPM at all? Who will pay you for losses?

Nobody, but then participation is lacking (in the losses). He thinks he'll eventually get it right. Many won't bother to vet the guy's performance (as there is none to vet).

 

[cornix]

Nobody, but then participation is lacking (in the losses). He thinks he'll eventually get it right. Many won't bother to vet the guy's performance (as there is none to vet).

Isn't it more typical for gurus to charge for "courses" or "mentorship" or like that instead of exposing themselves to losses made by themselves as opposed to losses which may be blamed on students "not doing it right"?

 

[dbphoenix]

That's why I think only real proof of ability (still doesn't prove one is actually taking the trades) is a chatroom with voice function/screen sharing.
I was in such a room about 5 years ago with a brilliant equities trader from trade2win.
There was no ambiguity.
''Long KLAC here at 40.00. 15c stop. 35c target''
Sure enough, at the time he spoke and called the trade, you could also buy Klac at the same price.
I was clear after a day or two that this guy had a real edge and was killing the market.

I think someone offered to pay for such a room recently in another thread to put this sort of discussion to bed, but unsurprisingly, those challenged turned the other way.

Those who are interested in trading rooms -- chat rooms are just that -- will benefit from the pdf below:

 

[cornix]

Those who are interested in trading rooms -- chat rooms are just that -- will benefit from the pdf below:

Chat rooms can be a good way to spend a trading session with buddy traders though. Pretty useful and constructive talks happen as well.

I know, many never took ET chat as any serious, but there I met people who influenced my trading greatly.

 

[dbphoenix]

Chat rooms can be a good way to spend a trading session with buddy traders though. Pretty useful and constructive talks happen as well.

I know, many never took ET chat as any serious, but there I met people who influenced my trading greatly.

I suppose there are people who can see everything, but I'm not one of them, and having several pairs of eyes scanning the landscape is helpful.

A shame that the ET chatroom was deleted.

 

[cornix]

I suppose there are people who can see everything, but I'm not one of them, and having several pairs of eyes scanning the landscape is helpful.

A shame that the ET chatroom was deleted.

Yea, ET chat was a great place where I met people with whom we are still good friends even besides trading.

 

[nillionaire01]

I suppose there are people who can see everything, but I'm not one of them, and having several pairs of eyes scanning the landscape is helpful.

A shame that the ET chatroom was deleted.

Does anyone know why the ET chatroom was deleted? Is there any chance it might make a comeback?

 

[dbphoenix]

Does anyone know why the ET chatroom was deleted? Is there any chance it might make a comeback?

Baron said nobody was using it, but a lot of people never even knew it was there, and there were no instructions provided on how to use it. We tried it, but the room kept winking out. We just assumed it wasn't ready. Perhaps it will be given another chance.

 

[ammo]

......... not drownpruf. .

drownproof "atticus" is one of the best traders on this forum,do your research before judging ,he's devoted countless hours helping and chastising traders, most can't understand the complexity of what he shares ,the bitter taste left after being chastised is a lot less painful than the losses one will incur by discounting his warnings, it's not so much the method as it is the outcome

db,you are attempting to help traders with your knowledge of one small aspect of a very large business,dont get caught wearing blinders,and don't suggest to the noobs that this is the holy grail