Is day trading worth it?

WHY BE A TRADER IF YOU ARE NOT MATERIALISTIC?
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I assume you have only asked this question because of how you see "traders" carrying themselves. When I started trading, it really was all about the money. However, ironically, as I have settled in this business, the fascination with it is really not much of an importance.

I guess then that posses the question of why trade? Well, the answer to that is pretty simple. Most people trade because they want to afford a certain kind of lifestyle, which is mostly based on material. Those are not the things that I am very much interested in anymore and the things that I want, money can't buy.

I have to say that I really do enjoy trading. You are your own man (no employer/employees) and you have time at your discretion. Additionally, it is a challenging task that requires you to come with your A game. In conditioning yourself to keep at that level, you are forced to be disciplined and must maintain a lifestyle that resonates with that. Overall, it keeps you at a very good level inside and outside of the trading ring; mind, body and soul.

The result of all this is having a healthy P/L. That money can be used in many different ways. Once you accumulate material things and "naughty" entertainment, the value of it all fades with time. However, if you have a real purpose, than money can be used as a tool to achieve that. So, for me, besides providing financial security (which doesn't require too much if diversified appropriately), I tend to use it as a tool.


In fact, i would argue that the market attracts the most materialistic folks on earth?
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Yes it does. And the very best of them are an amusement to watch.

Thanks for being cordial
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I don't think your deserve any less as you've been very polite in your conversations.

but are you are stealth vendor of some sort? you have talent as a writer and know the party line cold
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This was funny! :D:D:D

I have never offered to mentor anyone, leave aside charging anyone. However, I am guiding two people at the moment with their journey in trading. I am very open in my teachings with them and truly want them to be successful. I take consolation in knowing that when they are financially comfortable, they are going to go on and help improve lives around them. We live in a time when we have forgotten to see the good in people around us and the beauty that we are surrounded with.

Lastly, I don't think that the amount someone would offer me for mentoring would be significant enough for me to consider.
 
Alpha Trader said:
I assume you have only asked this question because of how you see "traders" carrying themselves. When I started trading, it really was all about the money. However, ironically, as I have settled in this business, the fascination with it is really not much of an importance.

I guess then that posses the question of why trade? Well, the answer to that is pretty simple. Most people trade because they want to afford a certain kind of lifestyle, which is mostly based on material. Those are not the things that I am very much interested in anymore and the things that I want, money can't buy.

I have to say that I really do enjoy trading. You are your own man (no employer/employees) and you have time at your discretion. Additionally, it is a challenging task that requires you to come with your A game. In conditioning yourself to keep at that level, you are forced to be disciplined and must maintain a lifestyle that resonates with that. Overall, it keeps you at a very good level inside and outside of the trading ring; mind, body and soul.

The result of all this is having a healthy P/L. That money can be used in many different ways. Once you accumulate material things and "naughty" entertainment, the value of it all fades with time. However, if you have a real purpose, than money can be used as a tool to achieve that. So, for me, besides providing financial security (which doesn't require too much if diversified appropriately), I tend to use it as a tool.




Yes it does. And the very best of them are an amusement to watch.



I don't think your deserve any less as you've been very polite in your conversations.



This was funny! :D:D:D

I have never offered to mentor anyone, leave aside charging anyone. However, I am guiding two people at the moment with their journey in trading. I am very open in my teachings with them and truly want them to be successful. I take consolation in knowing that when they are financially comfortable, they are going to go on and help improve lives around them. We live in a time when we have forgotten to see the good in people around us and the beauty that we are surrounded with.

Lastly, I don't think that the amount someone would offer me for mentoring would be significant enough for me to consider.
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Wow, such verbiage! From someone who has been involved the markets ( in one way or another) for the last 25 years-- your post smacks of arrogance, compounded naivete', and noob bait.

I don't have time right now to dissect it line by line-- but one example is "fascinated by trading" EVERY succesful trader I have ever heard of views trading as simply a job, not something fascinating-- fascination is for those who don't understand how markets really work.

I don't mean to sound harsh, but this post ( between the lines) makes its very clear. Your language gives you away. Good luck trolling for clients here until you are banned.
peace,
surf
 
marketsurfer said:
It's just not the place to get wealthy by day trading. Simple observation should tell you this, but the attraction is seductive to give it a try...
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It's like saying playing ball is not the way to get wealthy. Your chances with trading are in par with any other profession. In fact i could argue that it's easier to get wealthy with trading due to the fact that you are self reliant.
 
I don't mean to sound harsh
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It's okay. You're entitled to your opinion.

[/quote]Good luck trolling for clients here until you are banned.[/quote]

I do not have a single post soliciting any business (though I have had offers and kindly declined) and Baron knows well enough of my posting history to impose a ban.

Wishing you well,

Alpha.
 
rallymode said:
It's like saying playing ball is not the way to get wealthy. Your chances with trading are in par with any other profession. In fact i could argue that it's easier to get wealthy with trading due to the fact that you are self reliant.
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No way. Your chances are far greater owning any other business to get wealthy. Certainly, it is possible via trading, but the odds are hugely hugely against you.

As I said before, you can easily be the smartest and savviest guy who owns a pizza shop in your town and crush the competition---- but in trading you are up against the most savvy, ruthless and intelligent folks on earth--- how can you say that it is an equal chance?? surf
 
Alpha Trader said:
It's okay. You're entitled to your opinion.
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Good luck trolling for clients here until you are banned.[/quote]

I do not have a single post soliciting any business (though I have had offers and kindly declined) and Baron knows well enough of my posting history to impose a ban.

Wishing you well,

Alpha.[/quote]


That's why you are called a stealth vendor. You are smart enough not to be direct. I tried it here myself and it works-- but I was banned and learned my lesson after earning substantial sums indirectly from my contacts here--- so you are talking to someone who KNOWS YOUR GAME.

Peace to you, regardless!!

:)
 
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