Is day trading worth it?

[NoBias]

...

Does it need an update to Windows 8?

I have been biting my tongue for the majority of the idiocy posted on this thread.

But I must draw the line at updating to Windows 8....

 

[marketsurfer]

Remember this thread is about day trading. Not swing trading or investing.

 

[artemstreb]

https://www.callan.com/research/files/757.pdf

no affiliation, can no attest accuracy

 

[samuel11]

Remember this thread is about day trading. Not swing trading or investing.

Any swing trading or investing period is decomposed into days... At some point, if something will be up 200% in 5 years, it has to be up during at least a few days as well...

 

[ExperiencedJoe]

Remember this thread is about day trading. Not swing trading or investing.

Do you really imagine if you allow them to extend their trades beyond a day, they would do any better ? Their failure is not the length of time but lack of understanding what the market is about. All curve fitters fail that way.

 

[marketsurfer]

Any swing trading or investing period is decomposed into days... At some point, if something will be up 200% in 5 years, it has to be up during at least a few days as well...

You can further extrapolate into seconds or even ticks. One guy here once called a trend any two ticks in the same direction. It just gets silly.

There's an inherent upward drift in stocks.

 

[marketsurfer]

https://www.callan.com/research/files/757.pdf

no affiliation, can no attest accuracy

Good stuff. Thanks!

 

[eurusdzn]

For those, like myself, who truly dont know the answer to this question, i envision
two charts side by side. One, a weeks worth of a 5 minutes data, the other an eodd chart
of similar length.
Discerning between the two may be difficult, there is opportunity present in each chart.
How can it be that it is impossible to trade one of these charts and not the other.
I conclude that winners cluster together in very small groups or are solitary
loners.

 

[marketsurfer]

For those, like myself, who truly dont know the answer to this question, i envision
two charts side by side. One, a weeks worth of a 5 minutes data, the other an eodd chart
of similar length.
Discerning between the two may be difficult, there is opportunity present in each chart.
How can it be that it is impossible to trade one of these charts and not the other.
I conclude that winners cluster together in very small groups or are solitary
loners.

Interesting, charts are very deceiving that way. Any good trader I have ever met has a huge ego-- this loner, savant idea is nothing but fantasy-- although its possible, i still consider it extremely unlikely due to the nature of the market.


Commission, fees, liquidity, and a host of other reasons -- day traders are by default noise traders--- if they are to be believed, some get lucky I guess-- but without real information short term trading in the stock market is noise guessing. surf

 

[Turveyd]

Adding 2 more arrows for more action. Even though the OP is making a day trading thread and my trades are not day trades, I can still say I put in trades every day - more than I can say for the supposed "successful" day traders. I must be short biased. 5 out of 7 arrows are shorts.

You can draw arrows on charts, you must be legit I take it all back.

Errrm, this is random guesstimating curve fitting ( using the past to guess at the future ) just like everyone else is attempting to do, this is no different, your not on the "other side" your not special.

Where is your SL on these trades ?? ohhh that's right an SL is an order to exit at a loss and the market will go after your SL, so you don't use them, cause after all why would they pass up a chance to take EJ's SL out LOL