Is day trading worth it?

game said:
I plotted your trades last night. I hope you don't mind me sharing it here. And yes, that last one threw me off :)

http://www.sierrachart.com/image.php?l=1396463083452.png

In general, I notice that your trades are more anticipatory than the ones we SLA folk take. Example: 5th short.

I like your metaphor of stepping on the gas and not letting up during a strong trend, while accepting the loss on the last continuation trade as a tip to market.
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Why is LF fair-game but DBPhoenix gets a free ride? DBP lost that bet.

http://elitetrader.com/vb/showpost.php?p=3958328&postcount=292
 
game said:
I plotted your trades last night. I hope you don't mind me sharing it here. And yes, that last one threw me off :)

In general, I notice that your trades are more anticipatory than the ones we SLA folk take. Example: 5th short.

I like your metaphor of stepping on the gas and not letting up during a strong trend, while accepting the loss on the last continuation trade as a tip to market.
More...

That 5th short was a 5min second mouse entry. The downside break of the 10:55 eastern time 5min bar was 100.69. When price pulled back to that area and sold off the micro trend line across the 10:55 and 11:12 1min bar highs, I entered at .69 as the second mouse, looking for a lower low and hopefully a ride to a lower channel line I had around 100.14, which indeed happened rather quickly after the previous low broke out.

Price very often retraces to areas where longs or shorts were triggered, takes out all the break even stops, then turns around and runs where those traders expected it to run in the first place.

I shared this concept in Volente's chat once and in fact saved a screen shot of the conversation to share with a friend.
 
NoDoji said:
That 5th short was a 5min second mouse entry. The downside break of the 10:55 eastern time 5min bar was 100.69. When price pulled back to that area and sold off the micro trend line across the 10:55 and 11:12 1min bar highs, I entered at .69 as the second mouse, looking for a lower low and hopefully a ride to a lower channel line I had around 100.14, which indeed happened rather quickly after the previous low broke out.

Price very often retraces to areas where longs or shorts were triggered, takes out all the break even stops, then turns around and runs where those traders expected it to run in the first place.

I shared this concept in Volente's chat once and in fact saved a screen shot of the conversation to share with a friend.
More...

Where's the fill in chat? Hidden? I see Vol's trade, but...
 
NoDoji said:
That 5th short was a 5min second mouse entry. The downside break of the 10:55 eastern time 5min bar was 100.69. When price pulled back to that area and sold off the micro trend line across the 10:55 and 11:12 1min bar highs, I entered at .69 as the second mouse, looking for a lower low and hopefully a ride to a lower channel line I had around 100.14, which indeed happened rather quickly after the previous low broke out.

Price very often retraces to areas where longs or shorts were triggered, takes out all the break even stops, then turns around and runs where those traders expected it to run in the first place.

I shared this concept in Volente's chat once and in fact saved a screen shot of the conversation to share with a friend.
More...

You are mentoring a friend? Have they achieved your level of success? As far as I can tell, you have surpassed all those you have learnt from by miles and miles. I bet Cornix is flabbergasted now.
 
Grandluxe said:
You are mentoring a friend? Have they achieved your level of success? As far as I can tell, you have surpassed all those you have learnt from by miles and miles. I bet Cornix is flabbergasted now.
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How is it within the realm of possibility, given nearly 20k posts between them, that they can post with such volume and NOT post trades? I give them that... it's a special talent.
 
:eek:
drownpruf said:
Especially when he refuses to post trades or blotters. No way to compel. I am sure DBP would pay out, though. (much sarcasm).
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Where is the fun in betting with complete information? Be like getting a pump without the suck. Context is enough to show me where the line of least resistance lies.
 
NoDoji said:
That 5th short was a 5min second mouse entry. The downside break of the 10:55 eastern time 5min bar was 100.69. When price pulled back to that area and sold off the micro trend line across the 10:55 and 11:12 1min bar highs, I entered at .69 as the second mouse, looking for a lower low and hopefully a ride to a lower channel line I had around 100.14, which indeed happened rather quickly after the previous low broke out.

Price very often retraces to areas where longs or shorts were triggered, takes out all the break even stops, then turns around and runs where those traders expected it to run in the first place.

I shared this concept in Volente's chat once and in fact saved a screen shot of the conversation to share with a friend.
More...

omg , who cares about all the talk? its just talk...how anyone believes your thousands of self described perfect trading would floor me....but PT Barnum did say a thing about suckers....
 
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