Is day trading worth it?

marketsurfer said:
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
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Although better off with Index's for Noise trading, what is wrong with this, I use noise and short term directions to day trade with and fairly consistent profit wise thanks, with tight SL's aswell I'll add :)

Take advantage of the noise, embrace the noise!!
 
Turveyd said:
Although better off with Index's for Noise trading, what is wrong with this, I use noise and short term directions to day trade with and fairly consistent profit wise thanks, with tight SL's aswell I'll add :)

Take advantage of the noise, embrace the noise!!
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Ok, i like your enthusiasm. I like noise too-- just a different kind. Surf :)
 
Turveyd said:
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
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If you like stops that much, here's one. The stops for the others are at special locations where only people who know how to trade can see them.

EfZ2
 
ExperiencedJoe said:
If you like stops that much, here's one. The stops for the others are at special locations where only people who know how to trade can see them.

EfZ2
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Ohhh do tell me about the secret locations, is it where your account gets margin called ??

I find it interesting, your posting trades, no SL's though, so odds are all will get to a level despite being down huge for a while where you can brag you bagged some fake pips.

And a few weeks back, you was basket trading with a EA, I really hope that wasn't a demo account in your case.


Until you drop this, they are after your own personal SL's and the market will always take them out, I don't think anyone is ever going to take your seriously.


That's where there saying on " the other side " LOL

Consistency is key to being a good little troll!!
 
"Is day trading worth it?"
What most don't discuss, average per trade. Take (wins + losses + break evens)/3 minus fees. If you are profitable, bet'cha the amount comes to smaller amount than most realize. You might come away with $200 bucks a day, but it might take a trader 1-10 trades to get that. Only way to make account grow is trading size, 10, 20, 30, 50, 100 lots, faster you lose concept of money, the better. Pull out decent amount in case you blow out, as it can easily happen if something bad happens within the USA and exchanges close down for one, two, four weeks and you were long, want to bet how many hundreds of points down the ES will open? And yet stupid exchanges allow people to trade E-mini's with $400 margins, but think about it, exchanges want dumb traders-lead the babes to the sharks and the babes welcome the opportunity to get slaughtered. Either learn to be a shark or you are bait.
 
Handle123 said:
"Is day trading worth it?"
What most don't discuss, average per trade. Take (wins + losses + break evens)/3 minus fees. If you are profitable, bet'cha the amount comes to smaller amount than most realize. You might come away with $200 bucks a day, but it might take a trader 1-10 trades to get that. Only way to make account grow is trading size, 10, 20, 30, 50, 100 lots, faster you lose concept of money, the better. Pull out decent amount in case you blow out, as it can easily happen if something bad happens within the USA and exchanges close down for one, two, four weeks and you were long, want to bet how many hundreds of points down the ES will open? And yet stupid exchanges allow people to trade E-mini's with $400 margins, but think about it, exchanges want dumb traders-lead the babes to the sharks and the babes welcome the opportunity to get slaughtered. Either learn to be a shark or you are bait.
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You seem to be contradicting yourself. On the one hand, you want to go big in order to make a reasonable amount. On the other hand, you are implying the exchange might get blown up, in which case big positions will cause lost of shirt. So what should people do, go big or go small ?
 
ExperiencedJoe said:
You seem to be contradicting yourself. On the one hand, you want to go big in order to make a reasonable amount. On the other hand, you are implying the exchange might get blown up, in which case big positions will cause lost of shirt. So what should people do, go big or go small ?
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Because of size of some instruments have decreased so much from $500 to $50, so as to draw in people who can't trade but have few thousand bucks, you have to trade large. And yet, people who trade retail think commissions are cheap, but actually very expensive. Before comm was 12 bucks retail and now for same bang for the buck, if retail is $3.50 times ten is $35.00. I use to need $19k to trade one big S&P at $500 point, now at $50 point margin being $400 times ten is $4k and triple the fees if you are trading retail.

Not implying exchange get blown up, but National problems like we had before most likely will happen again, and just threats makes markets go wild. But I am saying that a smart trader will pull out some of their winnings and bank it. So if they caught on wrong side of huge position, they have funds to recover.

Would you agree that overall many younger traders are immature and take risk lightly? And they truly unaware of how bad can turn into bankruptcy bad? Just cause you have $5k account, not bright on trading 12 contracts.

The best are the ones who used some demo account and did well on it for six months not knowing they never had slippage/commissions taken into account, and one hit of their target they are filled, yea, I can trade 12 lots, no problem, this is easy, just a bunch of whiners on ET. LOL

Happy Holidays All.
 
Handle123 said:
Because of size of some instruments have decreased so much from $500 to $50, so as to draw in people who can't trade but have few thousand bucks, you have to trade large. And yet, people who trade retail think commissions are cheap, but actually very expensive. Before comm was 12 bucks retail and now for same bang for the buck, if retail is $3.50 times ten is $35.00. I use to need $19k to trade one big S&P at $500 point, now at $50 point margin being $400 times ten is $4k and triple the fees if you are trading retail.

Not implying exchange get blown up, but National problems like we had before most likely will happen again, and just threats makes markets go wild. But I am saying that a smart trader will pull out some of their winnings and bank it. So if they caught on wrong side of huge position, they have funds to recover.

Would you agree that overall many younger traders are immature and take risk lightly? And they truly unaware of how bad can turn into bankruptcy bad? Just cause you have $5k account, not bright on trading 12 contracts.

The best are the ones who used some demo account and did well on it for six months not knowing they never had slippage/commissions taken into account, and one hit of their target they are filled, yea, I can trade 12 lots, no problem, this is easy, just a bunch of whiners on ET. LOL

Happy Holidays All.
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I think we all got what you meant, but EJ ofcourse :)

He'll want something else explaining no doubt, he's just picking faults and trolling.

Don't feed the trolls!!
 
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