Is day trading worth it?

convexx said:
xvideos, hilarious. I am on the iPad, but it think that tab shows that the poster is actually Tim Sykes. It looks to be a logged-in Twitter account (in that name).
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That's how Twitter shows when you're on anybody's full profile.
 
Scaleout.Scalper said:
It's too limited, one must learn to trade ranges as it's the most common market state particularly of mean reversive instruments.
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I guess if you are full time and have nothing else to do with time, then I see your point.

I found that pay per hour gets too low when ranges shrink, and there are better things one can do with time to optimise earnings.

For example analyse your trades (thks Mav !). It is amazing how trading can improve gaining unique stats of YOUR trading setups. And how many things one uncovers with more detailed analysis.
 
The problem I have found with longer time frames e.g 4 hour-daily is there isn't enough of the trading setup I trade to give good practice, I only trade one setup and I might only get 1-2 a month on daily but 10-20 on 1 hour charts which means more practice
 
wwatson1 said:
The problem I have found with longer time frames e.g 4 hour-daily is there isn't enough of the trading setup I trade to give good practice, I only trade one setup and I might only get 1-2 a month on daily but 10-20 on 1 hour charts which means more practice
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Faster timeframes, more frequency, smaller stops, lesser reward. Slower timeframes, less frequency, bigger stops, higher reward.

A combination of a setup that begins in a fast timeframe and morphs into a slower timeframe, a dream come true.
 
Scaleout.Scalper said:
Faster timeframes, more frequency, smaller stops, lesser reward. Slower timeframes, less frequency, bigger stops, higher reward.

A combination of a setup that begins in a fast timeframe and morphs into a slower timeframe, a dream come true.
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True but use hourly as my setup timeframe and 5 min as my entry timing, I dont use stops I get out when the trade starts to frustrate me and thats usually the right stop for me
 
YES if you get good, which is ofcourse not easy not easy at all.

I'm getting there, $700 into $8000 in 12months, if I could stop having stupid trades where I counter trend and move SL and average down and blow 2.5K inside of 30mins ( Today ), then I'd have 15K area already.

I made $500 in 5mins and 20seconds the other day, that's foot ball player money :) Ofcourse I gave back $250 in 9seconds yesterday. ( price slipped on entry over paid then auto 10 SL was within the chop going on, didn't have time to move SL, 2 seconds more LOL )

Get Consistent, trade at 4x's the lot size and YES it will be worth it, even allowing for all the YEARS it's took me to get here.
 
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