Is day trading worth it?

I never formally mentored anyone

I've been mentoring for a while now. I worked with a couple "students" this year. One caught on quickly, did the work I requested and reported to me that she's been producing consistent profits for a few months now.
link: http://www.elitetrader.com/vb/showpost.php?p=3845644&postcount=175


No, when I mentor traders I guide them to discovering exactly what I discovered so it's their very own. At one time I tried teaching the rules to people without the understanding behind it and they either didn't understand what I was doing or if they did were afraid to trade this way because it feels counter-intuitive.
http://www.elitetrader.com/vb/showpost.php?p=3652505&postcount=99


I discovered through my own difficult struggle to trade with Mark Douglas's "trader's mindset" and through mentoring a few traders,
http://www.elitetrader.com/vb/showpost.php?p=3091441&postcount=4
http://www.elitetrader.com/vb/showpost.php?p=3098779&postcount=505

Looks like a lot of mentoring experience. Even as far back as early 2011, already an experienced mentor! :D
 
please link me to a post where I intimate that anyone can trade the methods I use, that it requires no skill or brains, that even a caveman can do it. I've stated just the opposite again and again and again on ET.

Well, here is talk of no-brainer and dumbass methods resulting in consistent profits.

I personally mentored some traders last year, providing them with a proven strategy that, in its purest "no-brainer" form, resulted in consistent net profitability.
The rules in their most basic "dumbass trader" form are simple

Note this was posted in 2011, so the mentoring took place in 2010. So the mentoring experience goes back even farther.
link: http://www.elitetrader.com/vb/showpost.php?p=3132460&postcount=7


Not to mention talk of a daily ATM machines, while not speaking of cavemen, do come across as gloating about how easy it is.
http://www.elitetrader.com/vb/showpost.php?p=3652228&postcount=74
 
I've never shared my rules on ET. I spent thousands of hours getting to a consistently profitable day trading plan. I wouldn't share my written plan with anyone, nor would I sell it (I've had a few offers).

Yet in this post we have quotes of
"I taught my system to others"
"I had one trader trade my system with amazing success in a sim account"
http://www.elitetrader.com/vb/showpost.php?p=3132460&postcount=7


And here it shows the rules have been shared with at least several others............ since they reportedly can tell where when and why you went long or short on any given day.
I have ways to explain my methods to just about anybody. I've taught it to several people, quite a few of whom "got it". Those who "got it" can tell you where I went long or short each day and why.
http://www.elitetrader.com/vb/showpost.php?p=3832817&postcount=390
 
what many others already know, that without an edge, you are simple long variance. In the right market at the right time, that variance will give you a very compelling argument that you have it all figured out when the reality is, it's just random luck.

So true. So much snakes oil here. Anyone with half a brain and an honest attitude will admit most of time its dumb luck. And yeah like some here are saying... TA is not an 'edge'. TA is an opinion and everyones got one.

Some will talk about the market having three styles, bullish, bearish, or range bound. And they miraculously can 'trade the trend'. Well, how do they identify an inflection point on a trend when they have no real edge (e.g. insider information, technological, etc). They say they'd know when 'it stops working'. How much of a drawdown on a daily, monthly, or quarterly basis does it take to realize a trend has reversed? So if you're up 30% from a winning setup and it takes you -30% drawdown by tonnes of small stop losses you keep honoring day in day out to realize a trend has changed, you're still down overall.
 
I'm not trying to indict her as a vendor. She may or may not be. That's been hashed out already on here. It just seemed like her method was so simple, so straightforward, so easy. She says anyone can do it. Requires no skill or brains. I'm paraphrasing here obviously. I wouldn't give her a hard time about it if she just admitted she was a scratch trader soccer mom who made her dough elsewhere, but she comes on here and makes no apologies about it, it's EASY...SIMPLE....even a caveman can do it. Day after day after day. No stress. Very little risk. No real skill required, just follow her simple rules. I'm just curious what you find so hard about her system.

I mean don't get me wrong, I don't buy a word of it and I think you're a stand up guy for being honest. And I think you understand now what many others already know, that without an edge, you are simple long variance. In the right market at the right time, that variance will give you a very compelling argument that you have it all figured out when the reality is, it's just random luck. I debated this already endlessly on the TST threads. I'm not trying to get you to testify against her, it's just you two now are really diverging on thought. It's rather interesting. At least to me. :)

To be honest, I never followed her system and don't even know exactly what her entries/exits are. I simply never asked about it in details. But as far as I know, she gives me credit for some elements of her approach. :)
 
To Cornix,

why dont you tell these losers you are surrounded on a daily basis by traders who constantly milk it using TA?

To the rest,

i wish i was not scared of strangers, would invite a few of you sorry ass clowns show you how good TA can be

Well those people are not interested in public exposure anyway and didn't give me permission to talk about anything like that. :)

Besides you of course, since you already are here. :D
 
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.
Are you a consistently profitable trader? Do you have any student that have been able to learn your method and gone on to become a consistently profitable trader? I have never seen any student of yours posting here on ET stating that. If I am wrong, please say so, I might have missed it.

I'm not out to bash you in particular but since you do make many opiniated posts here I think questions like these are warranted.
 
Well, here is talk of no-brainer and dumbass methods resulting in consistent profits.




Note this was posted in 2011, so the mentoring took place in 2010. So the mentoring experience goes back even farther.
link: http://www.elitetrader.com/vb/showpost.php?p=3132460&postcount=7


Not to mention talk of a daily ATM machines, while not speaking of cavemen, do come across as gloating about how easy it is.
http://www.elitetrader.com/vb/showpost.php?p=3652228&postcount=74

Nice work...and Mav...kudos for your remarks

Someone who relentlessly defends themselves clearly needs to maintain a facade. Look at at the arrogance that this person does not think others can find written evidence to the contrary,lol.

Anyway , no need to worry..there's a sucker born every day..in time you will have a new crop of suckers to 'mentor/drain their funds'
 
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