Is day trading worth it?

DewarFlask said:
And then there was another guy, who amongst other feats, calls and wonders, humilliated Larry Williams, amongst others, in real time, in this forum, and often to the tick. He also swept the floors with the likes of Volente, Atticus (drownpruf, etc). Also in real time.

He was not a guru, though. I believe he used to be a recruiter.

I heard he quit trading, but still makes a lot from a trading corporation, managed by retards supervising sub-retards.
More...

Wow, who is that great trader?
 
NoDoji said:
Ignore it at your own risk; this thread describes a Holy Grail of intraday price action scalping, including several hard right edge illustrations of the setup, the signal, and the entry method. :cool:
More...

What post in this thread are you referring too?
 
Hello friends,

Any news since last time we spoke?

Circumstances made it such that I'm able to open a small account with a local broker which I plan to swing trade on the side while pursuing other interests as my main focus right now. I have a long term perspective and no pressure to make money, although I'm aiming to make a killing.

I think day trading can be worth it, but I don't have the resources (time, money and sufficient edge) at the moment and am not willing to forsake other current pursuits for that to happen right now.

I may already have mentioned my view, but I think that for day trading to be worth it, you need a really good model which is designed not just to make a living, but to make a killing. Grinding it as a day trader, win some, lose some and having a heart attack in the process from all the stress does not seem worth it.

I think it's possible to create a really good system and I already have parts of it in place, so I will continue working on that on the side. Ideally, I should be able to automate it. At least partially and make it as objective as possible. When that is in place, I will come back and not grind, but to make a killing.

At least that's the plan. :)

Regards.
 
----I think day trading can be worth it, but I don't have the resources (time, money and sufficient edge) at the moment and am not willing to forsake other current pursuits for that to happen right now. ---

those words can be applied to any business. from a restaurant to marijuana dispensary or farm:)
 
I have been day trading and ONLY day trading for about 14 years and yes it is worth it, it is not for everyone and it does take a certain skill. I am having my best year ever this year. Sure there will be losses just keep your losses small and don't get greedy. I never hold overnight.
 
NoDoji said:
Sadly, the useful stuff got lost in pages and pages of garbage.

Here ya go:

http://www.elitetrader.com/vb/showthread.php?t=275680&page=36

http://www.elitetrader.com/vb/showthread.php?t=275680&page=146

http://www.elitetrader.com/vb/showthread.php?t=275680&page=153
More...


NoDoji, from time to time, you have haters that like to bash you. However, this is exactly why you are admired by many. Your genorosity to educate and enhance.

Thank you for taking the time to dig out the links; you're a star!
 
You must log in or register to reply here.
Back
Top