Is day trading worth it?

bigsnack · Mar 31, 2014

ammo said:
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

+1000 this. I think this is what irks me about the SLA threads.

Grandluxe · Mar 31, 2014

NoDoji said:
I never have days like that now. My trading plan includes strict risk management. Period.

If you apply my price action scalping methods to any intraday chart of CL or NQ or ES during regular trading hours, it should be clear that it would be extremely difficult to have losing days unless I a) had hardware/software/platform/internet issues, b) I was only able to trade part of the session, or c) I violated my rules.

I've had all of these things happen and it resulted in losing days.

I don't care to divulge any information about my ROI. Suffice it to say that trading provides a good living.

When was your last losing trading day, NoDoji? I am guessing sometime last year?

drownpruf · Mar 31, 2014

None of these ppl have losing days with their post mkt chart analysis! The DB fool actually posted that NQ could hit 3590 today (with futures at 3577 and up on the news out of Russia).

dbphoenix · Mar 31, 2014

drownpruf said:
None of these ppl have losing days with their post mkt chart analysis! The DB fool actually posted that NQ could hit 3590 today (with futures at 3577 and up on the news out of Russia).

Actually the fool said that last evening, when price looked to be approaching the top of its trend channel, which is generally an opportunity for reversal. By this morning, the upper limit of the channel was at 85, and since price was already above that by the open, the potential trade changed from short to long (this is explained in response to your question posted to my journal).

All this may have escaped your attention since you were focused on coconut oil and P&R, but you might also have played it brilliantly. Who can say?

drownpruf · Mar 31, 2014

dbphoenix said:
Actually the fool said that last evening, when price looked to be approaching the top of its trend channel, which is generally an opportunity for reversal. By this morning, the upper limit of the channel was at 85, and since price was already above that by the open, the potential trade changed from short to long (this is explained in response to your question posted to my journal).

All this may have escaped your attention since you were focused on coconut oil and P&R, but you might also have played it brilliantly. Who can say?

I was up 4% today and will post it here when IB produces my run for the day.

dbphoenix · Mar 31, 2014

drownpruf said:
I was up 4% today and will post it here when IB produces my run for the day.

I'm pleased for you.

jack hershey · Mar 31, 2014

sellindexvol66 said:
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

Could you help me out a bit??

Last Friday was 28TH. As day goes by on ES e-min trades are done.

To do trades, the signals are "anticipated." This means the trading platform is prepared for a trade by clicking the trade and then "waiting" to confirm it when it is "locked in" as a certainty.

To do the above charts are annotated by students" See attached.

At the end of the day, we do "saves" the trading platform trades. See attached prints.

Could you help me to understand why the attached information is unacceptable to ET observers?

drownpruf · Mar 31, 2014

jack hershey said:
Could you help me out a bit??

Last Friday was 28TH. As day goes by on ES e-min trades are done.

To do trades, the signals are "anticipated." This means the trading platform is prepared for a trade by clicking the trade and then "waiting" to confirm it when it is "locked in" as a certainty.

To do the above charts are annotated by students" See attached.

At the end of the day, we do "saves" the trading platform trades. See attached prints.

Could you help me to understand why the attached information is unacceptable to ET observers?

Because, you addled fool, it is not a blotter. How many excuses will you have for not producing Friday's blotter?

Grandluxe · Mar 31, 2014

jack hershey said:
Could you help me out a bit??

Last Friday was 28TH. As day goes by on ES e-min trades are done.

To do trades, the signals are "anticipated." This means the trading platform is prepared for a trade by clicking the trade and then "waiting" to confirm it when it is "locked in" as a certainty.

To do the above charts are annotated by students" See attached.

At the end of the day, we do "saves" the trading platform trades. See attached prints.

Could you help me to understand why the attached information is unacceptable to ET observers?

How did you sell the high and buy the low of almost every 5 minute bar in the ES, Jack? Can you teach us?

drownpruf · Mar 31, 2014

Grandluxe said:
How did you sell the high and buy the low of almost every 5 minute bar in the ES, Jack? Can you teach us?

The guy is in his 80s and trades $100k of OPM. You'd think that would be their daily PNL, no? He's a fraud. This site is 90% degen gamblers who will go to any length to deny their failures. Hershey is the unified title holder.