Is day trading worth it?

[sellindexvol66]

Clearly you do, or you'd put her on Ignore, or at least skip it.

i do care because i feel empathy for those who are fooled by circus show persons.

 

[Laissez Faire]

And in what way was I wrong this morning?

There's been a lot of activity this morning and I don't really feel like reading through all this.

Did you actually post a live call with an entry and an exit?

I were reading some of your initial posts, but they were mostly stating what was going on right now and what could happen, didn't see a trade there, but maybe it came later.

 

[drownpruf]

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....

She couldn't back up the trade with a blotter if her life was dependent. 200 words of complete BS or simply:

Bot at y. Stop at x.

 

[dbphoenix]

There's been a lot of activity this morning and I don't really feel like reading through all this.

Did you actually post a live call with an entry and an exit?

I were reading some of your initial posts, but they were mostly stating what was going on right now and what could happen, didn't see a trade there, but maybe it came later.

Yes.

 

[dbphoenix]

She couldn't back up the trade with a blotter if her life was dependent. 200 words of complete BS or simply:

Bot at y. Stop at x.

You need to talk to cornix about this OCD problem of yours.

 

[Laissez Faire]

"... Any working system will be guarded".. All market price action is mountain that is hiding gold. A working system can extract that gold with little resource utilization. Money can be made only when price action matches criteria for system.

The problem with day trading day in day out is that very very few systems can extract inefficiency that is present in price action. Even if your correct, your stops could be hit and resume what system implied would happen.

The reason day traders fail is that they seek to fish everyday and catch fish. An expert fisherman will only fish when criteria is right. Time of day, water conditions, lure, weather patterns...

Chris

Good post.

I take it you believe it takes more than triangles and learning to draw straight lines on a chart to create a robust system?

What you're saying about day trading is very true and sums up why it's inherently more difficult to master than swing trading or long-term trading.

When I was swing trading, I could go weeks and even months without a trade or conversely being months in a trade.

 

[Laissez Faire]

Yes.

Do you mind posting a link if you remember which page?

Thanks.

 

[game]

i do care because i feel empathy for those who are fooled by circus show persons.

Since you are being regarded by some as one of the 'authentic' traders on this site, I just wanted to ask you a question regarding probability. What is your probability assessment that Nodoji is not a profitable trader? How would you size this trade?

 

[actionzip54]

People who have to defend themselves constantly in order to "prove" they are good traders without just showing proof are either really f-ing bored and like to argue or they are just stupid. I honestly doubt many winning traders would waste their time defending x,y,z to show how good they are to a bunch of posters on a board. Just post blotters or pnl statements. You think Tiger Woods is worried about defending how good he is at golf? Lol, no. He just says, "Look at my stats bitch". In my experience in life, business, sport, tiddly winks, the mediocre people are the ones who feel the need to tell everyone how good they are at an activity. The best are usually just recognized as the best or have the stats to back it up.

 

[NoDoji]

You are mentoring a friend? Have they achieved your level of success?

I'm not mentoring anyone. I've yet to come across anyone who will conduct a simple statistical analysis to determine whether there's a way to achieve positive expectancy under a set of defined conditions.