Is day trading worth it?

Everything seems highly tradeable in that chart, don't see any issues with HFT or Bots or whatever the designated fear of the week might be in ET.

it was highly tradable using -5 cent / -$50 stops hunting +30 to 50+ cent / +$300 to $500+ per contract gains... such as my version of the day attached. Whoever said it wasn't?

other references made to bots involved trying to trade using -100 tick initial stops while holding for big trend moves. Have I made that point clear enough yet, or do I have to repeat it several more times?
 
As one (good by his own claims at least) trader once put it on one forum:

"After all I've seen, I believe there is more opportunity available to people (risk-adjusted) from human-to-human sales than trading. Tell me the downside of convincing someone to buy a $5M building (worth $8M) with you getting a $250,000 commission. If they don't do the deal, there will always be someone else. Compare that to the actual market risks you have to take to make the same $250,000."

I was so long in trading that indeed almost forgot how easy it is to make money in the "real world". :D

yes, yes... because $8m commercial real-estate deals are so easy for realtors to find here in 2014. Why not just sell one a month and make some real money? So easy.
 
It's not necessarily a job vs. trading. I am heavily involved in sales business for the last year and must say "material" business is simply MUCH less demanding than day trading. In other words, small mistakes don't matter so much and are easily fixed without serious consequences, process itself is simply natural human-human interaction.

As one (good by his own claims at least) trader once put it on one forum:

"After all I've seen, I believe there is more opportunity available to people (risk-adjusted) from human-to-human sales than trading. Tell me the downside of convincing someone to buy a $5M building (worth $8M) with you getting a $250,000 commission. If they don't do the deal, there will always be someone else. Compare that to the actual market risks you have to take to make the same $250,000."

I was so long in trading that indeed almost forgot how easy it is to make money in the "real world". :D

Now I view financial markets as still full of great opportunities, but tend to look for slightly different opportunities than grinding livelihood staring @ screen every day.

Cornix, were you not a disciple of nodoji? I thought you were one of her students. I maybe mistaken.
 
yes, yes... because $8m commercial real-estate deals are so easy for realtors to find here in 2014. Why not just sell one a month and make some real money? So easy.


Excerpt from home page of Dolly Lenz
http://dollylenz.com/


By Trang Ho, Investor’s Business Daily

Dolly Lenz reigns as the queen of U.S. real estate.

As vice chairman of Prudential Douglas Elliman in New York City, she has moved more than $7 billion in real estate.

That's more than double the next top agent in the country.

"It's wonderful to achieve, but it's not fulfilling because it's not revolutionary," she said philosophically

As it is, Lenz sold $750 million worth of property in 2007 and raked in $10 million in commission, she says. By contrast, real estate agents' median sales volume that year was $1.6 million. And the income for an agent with comparable experience was $69,500, according to the National Association of Realtors.
 
Cornix, you are right on all the above. The only time that day trading reigns over all else is the R:R that it provides...........and this one thing makes a huge difference in your PnL.

Yes, intraday entries can probably be great way to fine-tune signals on larger scale and achieve amazing R:R. But without consideration of those larger scale factors... I don't know, it suddenly started to feel random to me. Maybe it really did become more random, I don't know.
 
That's mathematically false. By that definition simply being long a broad based index over the last 100 years has satisfied that criteria. Hell, having a simple savings account even satisfies that criteria.

I thought we were talking about technical analysis, not tangents.
 
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