Is day trading worth it?

Didn't Patack offer a FREE combine to any EliteTrader member who is ready to get while doing a combine his link to his record posted as well?
Is that deal still available?

All deals are still available as long as you PAY $175-$400 so he can pay the utilities on the penthouse


:)
 
I am feeling so generous that I'd be willing to fork the fees for some ET members as long as they put a link to their combine while doing it. :D :D :D
And they are getting forex as well soon!
 
I hope all the Trend Line Breakout Pullback traders (sometimes known as Straight Liners) have taken advantage of the opportunities today!

After some choppy conditions around the open, CL offered a few chances to get long for a breakout to what turned out to be the day's high.

You may often hear people say that the market's tough, or cruel, or out to get you; in reality the market is often very kind, offering second (and even third) chances for traders to get positioned for a move. The day's first BOPB in CL (illustrated at hard right edge below in Pacific time) was an example of the market's kindness. :)

There were additional trend line BOPB opportunities in CL today. Connect your swing highs and lows on the 5-min chart, adjusting as the day progresses, and look at the 1-min chart during these time windows (Eastern time):

11:15 - 11:36 Downside breakout

12:20 - 12:24 Upside breakout

1:30 - 1:34 Downside breakout

If you're not a scalper, the NQ trend line BOPB to the upside may have retraced all 8 points of your profit at the opening bell, but you got everything you could possibly want on NFP Friday if you took the 3602-ish downside BOPB setup between 10:52 and 10:56 (which you're likely still holding since there's been no long signal yet).

Just remember, HFT can't hurt you unless you need to put massive amounts of OPM to work in the market; when you're a little retail trader, stick with the edge that's been around as long as there have been liquid markets: Price action

:cool:
 
I hardly ever have a day without losing trades.

I never have days like that now (referring to huge losses). 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.

For accuracy...
 
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