Is day trading worth it?

[AdrianHagh81]

Indeed, I can reverse engineer a strat. But since you don't have one, I would be wasting my time.

So are you trading profitably so far or not ?

Why the hate ?

 

[ExperiencedJoe]

So are you trading profitably so far or not ?

Why the hate ?

Not yet, am just getting it all worked out.

Not hating, merely slapping stooges around. Also what harm can there be to ask to see some trading action ? Not like I am asking anyone for their secret sauce. If people can spend all day arguing, surely they can afford a little time to do trading ?

 

[marketsurfer]

Prop shops give leverage and information tools, they don't teach edges. He developed his stuff pretty much alone as I remember him saying.
My account size varies as I'm using the resources for other things besides trading, it's always 6 figures though, what does that have to do with earning a good living from trading though?


Why would I or anyone else waste my time making YouTube videos? I for one had a nice holiday on a paradise island, beats making YouTube videos if you ask me.

Tennis players make their income from showing off their skill, traders DO NOT. Tennis players wouldn't make a cent without an audience, traders edge will actually diminish with an audience. Your analogy makes absolutely no sense.

Dude, you are so wrong. Any reputable prop shop teaches an edge. The reason being is that real prop shops only profit if their traders profit. I think you have confused the phony commission churners from real prop like susquehanna and knight.

Secondly, account size has everything to do with it. Make 10% per year on a million or 10% on $1000--- I am surprised you would say that.

surf

 

[AdrianHagh81]

Dude, you are so wrong. Any reputable prop shop teaches an edge. The reason being is that real prop shops only profit if their traders profit. I think you have confused the phony commission churners from real prop like susquehanna and knight.

Secondly, account size has everything to do with it. Make 10% per year on a million or 10% on $1000--- I am surprised you would say that.

surf

Hm, I can make 30% a year on $10,000 guaranteed.


on 10 million ? I don't think so.

Face it, it's just a lot easier finding edge in the capacity constrained areas which are to small
for the big boys to play in. That's why retail traders with puny account size can survive.

 

[ExperiencedJoe]

Hm, I can make 30% a year on $10,000 guaranteed.


on 10 million ? I don't think so.

Face it, it's just a lot easier finding edge in the capacity constrained areas which are to small
for the big boys to play in. That's why retail traders with puny account size can survive.

I don't know where you live, but how can you possibly make $3k a year and see that as success ? You won't even be able to afford a spot under a bridge with that kind of money.

It seems the retail crowd is unable to appreciate the most basic things in trading, is it any wonder they fail ?

 

[MarkBrown]

if anyone was making 3k a year all they have to do is trade 100 lot and your doing ok.

daytrading has always been where it's at - it is very worth the effort if you can get an edge, which btw they are not handing out at the prop shop.

 

[AdrianHagh81]

I don't know where you live, but how can you possibly make $3k a year and see that as success ? You won't even be able to afford a spot under a bridge with that kind of money.

It seems the retail crowd is unable to appreciate the most basic things in trading, is it any wonder they fail ?

It's just an example showcasing the tremendous gap in difficulty between AUM size.

 

[EPrado]

This coming from a guy who keeps bragging about monetizing his ET character because he couldn't make it trading. I can live with being called a gambler. There is a very thin line between gambling and trading but I'll tell you what IS sad. You truly are the most ignorant person I've met on ET. You would think that after all the time you have spent being in close proximity to financial wealth you would have learned to keep an open mind.

So we went from impossible to savants to the definition of a day trader.:eek:

Don't bother arguing with this clown. He's a failed trader. One of those "if I can't do it ....nobody can types". So sad that he's such a hater. Has to come on a trading site and go around trolling telling people day trading can't be done. I know plenty of day traders doing very well. If he spent as much energy on working on his trading as he does coming on here being a clown he might actually become a profitable trader.

Funny how he blabbed trend following CTA's were dead, since then they are crushing it. Now day trading is dead. I guess he hasn't noticed the SP's and Crude having huge swings....day traders paradise.

Keep up the 100% wrong rate Surf.....

 

[trade4love]

Do something you love. If you don't love day trading, don't day trade.

I think a few people mentioned this already, so why not reiterate ....If you want a secure career in this industry, with your background, go the fund manager route, or something along those lines - more money, less stressful, and much more stable income.

 

[marketsurfer]

if anyone was making 3k a year all they have to do is trade 100 lot and your doing ok.

daytrading has always been where it's at - it is very worth the effort if you can get an edge, which btw they are not handing out at the prop shop.

Hey Mark, I hope you are well. Prop shops that only profit when their traders profit need to hand out an edge--- otherwise they would fail. surf