Is day trading worth it?
- Thread starter Laissez Faire
- Start date
What happened to the straight line experts? Weren't they supposed to prove us wrong with blotters and what not by this time?
For what it's worth, I decided to go with swing trading for now, mostly because I simply don't have the time at the moment. I still think it may be worth it, I just can't do it now.
Currently at the sidelines, waiting for the right moment, but I'm thinking about parking my money in an oil company I'm stalking if I'm convinced it's a good trade. Not in a hurry, so I'll wait until the time is right.
Who are these straight line people? Are they related to the Jehovah's Witness's?
I think its a cult
We can’t fault the people following – thinking this an easier way to trade successfully
Who in their right mind wouldn't take an easier path – I damn sure would have
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What is really sad – there is an inherent flaw in how he draws TLs
In fact – there are several inherent flaws in what he posts
But unless one trades – it not readily apparent
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DB doesn't day trade – he simply talks (in a semi plausible way that newer trades cannot differentiate)
Btw DB – I’m prepared to back my ass up with a daily PnL whenever you prefer
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It is deceitful..., and detestable
RN
for me i cant sleep well if a position is open especially if its futures, what if tommorrow is the black swan and my stop loss couldnt get executed in a market panic.
so i prefer daytrading automated.
unless its optionspreads combos since the losses are usually very controllable.
so i prefer daytrading automated.
unless its optionspreads combos since the losses are usually very controllable.
Scaleout.Scalper
Guest
Btw DB – I’m prepared to back my ass up with a daily PnL whenever you prefer
==================
It is deceitful..., and detestable
RN
Sadly DB is never up for this task, imo the dude is more full of shit than the landfield in my town.
Any time markets are hitting new all time highs/lows, markets makes odd and wild price patterns. The Indexes, especially ES are choppy but they do make common patterns reoccurring patterns if one studies long enough, I find requiring deeper retracements are needed to keep same risk stops, also doing less trades cause of waiting for deeper retracements.
I prefer to have daily goals of 4-6 points in ES than have unlimited targets. Unlike most, I feel longer term trading commodities is much less risky than day trading, less time, less commissions. I been testing much more in adding onto profitable positions in long term and less so in day trading.
Whether trend lines, price patterns, indicators or combinations, these are all rules we form, rules for risk, rules for what to do after one is in a trade, and unless there are rules, little chance of being profitable.
As time goes by, for those just coming into trading, long term way to go, day trading should be left to those who has ability to really back test and understands the nature of the market they want to trade, the time it takes to become profitable, you most likely could start a business and have it going well by time you can be averaging breakeven trading.
What happened to the straight line experts? Weren't they supposed to prove us wrong with blotters and what not by this time?
For what it's worth, I decided to go with swing trading for now, mostly because I simply don't have the time at the moment. I still think it may be worth it, I just can't do it now.
Currently at the sidelines, waiting for the right moment, but I'm thinking about parking my money in an oil company I'm stalking if I'm convinced it's a good trade. Not in a hurry, so I'll wait until the time is right.
it might be worth it(and it's a big maybe) if you have a solid trading system AND can come up with a new ones periodically. i've done it, made a good money,but as of now my stuff is not working at all and i can't come up with anything that would satisfy me. now what? good luck trying to find a job after 15 years of sitting at home,pressing buy and sell buttons on keyboard
(actually -i wasn't pressing any buttons. just sitting in the chair and mostly just watching my stuff thru the trading day)This is the main issue with "trading for a living"--- there are zero transferable skills to the real world.