Is day trading worth it?

[ExperiencedJoe]

With all the arguing with the "successful" home traders, I missed out some good trades. But it's better late than never. I may have to do a 2 arrow strat with this particular trade to make up lost time and also since people are b*tching about insufficient arrows, as if more arrow there is the more they make, such cluelessness.

 

[Scaleout.Scalper]

With all the arguing with the "successful" home traders, I missed out some good trades.

The argument is typical, plenty of failures out there that destroyed and shattered egos so now they take it upon themselves to assume success is impossible because it's the only way they are able to continue living with their past and present failures and attempt to feel "better". Spreading vile is their motto.

 

[ExperiencedJoe]

The argument is typical, plenty of failures out there that destroyed and shattered egos so now they take it upon themselves to assume success is impossible because it's the only way they are able to continue living with their past and present failures and attempt to feel "better". Spreading vile is their motto.

Who said success is impossible ? Did I not demonstrate otherwise ?

In case you haven't bothered to read, the topic currently is that the successful can play a few master strokes in the game they are successful in. Naturally, the conclusion is that those who can't play a few strokes cannot be successful, or very dubious at best.

 

[Scaleout.Scalper]

Who said success is impossible ? Did I not demonstrate otherwise ?

In case you haven't bothered to read, the topic currently is that the successful can play a few master strokes in the game they are successful in. Naturally, the conclusion is that those who can't play a few strokes cannot be successful, or very dubious at best.

Plenty do, the disbelief is all over ET.

 

[marketsurfer]

You could argue the more robust firm is the one with a diverse range of strategies? The prop firm provides the low commissions, routes, etc, the traders bring their edges. Just a thought.

True but edge and strategy are 2 different things. Edge is finding a structural flaw in the way markets function snd exploiting that flaw. Strategy is working within the structure of the market in the hopes that you will last long enough to get lucky and make a big score.

 

[JTrades]

True but edge and strategy are 2 different things. Edge is finding a structural flaw in the way markets function snd exploiting that flaw. Strategy is working within the structure of the market in the hopes that you will last long enough to get lucky and make a big score.

Sounds reasonable.

It would be nice to have a universally agreed definition of "edge".

 

[ExperiencedJoe]

Sounds reasonable.

It would be nice to have a universally agreed definition of "edge".

An edge is when you truly understand the market. A curve fitting is not an edge. So most people don't have an edge, they are merely gambling on the potential extension of past patterns. But the motive force in the market never looks backwards, it only seeks profits that lay ahead.

 

[marketsurfer]

Sounds reasonable.

It would be nice to have a universally agreed definition of "edge".

I think i defined it. But thats from my experience and not someone else. Peace. Surf

 

[marketsurfer]

An edge is when you truly understand the market. A curve fitting is not an edge. So most people don't have an edge, they are merely gambling on the potential extension of past patterns. But the motive force in the market never looks backward, it only seek profits that lies ahead.

Your last sentence is brilliant. The fat lady has sung.

 

[dbphoenix]

Sounds reasonable.

It would be nice to have a universally agreed definition of "edge".

Universal? Not likely. But this will serve: your edge is the knowledge you gain through your research and testing that a particular market behavior offers a level of predictability that provides a consistently profitable outcome over time.