Is day trading worth it?

[ExperiencedJoe]

And you've repeatedly failed to prove this, trades which we've spotted have went 500pts the wrong way, you later claim you changes sides on, yeah right, you've proven your right 52% of the time and the rest you have to hold out while being down -500pts for ages, yeah great.

I posted 9 trades in a row, without any losers but ofcourse you'll ignore that.

Then you keep ranting on about the banks, if your so smart, why are you losing ? and why don't you tell us how to beat the banks ??

If you check again, maybe they are 2000 points down now. But fortunately I don't currently have a position in those.

 

[ExperiencedJoe]

If you can predict it!

You probably can predict it. Since all the banks know about it, they would have prepositioned themselves. You just have to work out where the banks are at. As we know, none of the banks went bankrupt over it. This can't all just be luck.

 

[Turveyd]

If you can predict it! This particular big move was a shock for everyone. Nobody expected this however hindsight being 20/20 we probably should have expected it. If you were lucky to be on the right side, you doubled your account, otherwise you lost everything and more.

EJ predicted it LOL

LOL LOL and LOL!!

But he won't show his broker statement for the day, that kinda a profit I'd be showing off personally.

 

[marketsurfer]

I'll try and make it to your next meeting down here. I think I know half of those in attendance last time. Don't worry, I only said nice things about you to them.....I am taking a wild guess that you are much different in person then the clown on here. We can square away then....

Missed you at the meet--- just paypal marketsurfer@gmail----

 

[Turveyd]

Hey EJ, guess what banks took huge losses aswell.

http://uk.businessinsider.com/jim-rogers-i-predicted-the-swiss-franc-shocker-2015-1

May not have been bankrupted but even the other side as you put it, lose occasionally, just not over all.

So wrong again, they wasn't aware, didn't position themselves, try again.

 

[d08]

I have never asked you for proof. I have asked you to trade. But you don't trade and you can't trade.

In the case of Turveyd, I never even asked him to trade because it was just obvious he didn't know how.

Except I have posted evidence that I do trade and have been for close to a decade now. Others have commented that my numbers are very good so I'd say I actually can trade.

 

[Turveyd]

Except I have posted evidence that I do trade and have been for close to a decade now. Others have commented that my numbers are very good so I'd say I actually can trade.

He just chooses not to accept anything, then if your not swinging for 100+ pips per trade they don't count, put him on ignore!!

Give up!

 

[d08]

You don't have to be very leveraged to double or clean out your account when there's a 30% change in price. Buy 1000 units of USDCAD with 5% margin requirement, and you will walk away with $300 after a 30% move in your favor. Nobody expects these big sudden moves with currencies. That's why heavy leverage is required. Otherwise, you're wasting your time, whether or not you want to call this gambling. I.e play it safe and make minuscule amounts of money, or take bigger risks and make it worth your while. However, if you make it worth your while, a sudden unexpected big price change will wipe you out.

Don't try to compare this with stock trading. This is a different ballgame.

Last night I bought 2k units of cadchf. If I had a $100,000 account would this trade be worth my while or is it a waste of time given the more typical price movement in this pair? Would it be worth my while if we had a 30% change? It probably would be.

Do you see the problem with your argument?

You're right, however, you need to consider the fact that this was the trade that made him profitable. I don't know of anyone who makes money from flukes consistently. Would you yourself back a trader who loses money for a long period and then makes bank on a SNB-like trade?

 

[d08]

He just chooses not to accept anything, then if your not swinging for 100+ pips per trade they don't count, put him on ignore!!

Give up!

You're right, too much time wasted on someone whose contributions are completely worthless, he can talk to himself from now on.

 

[Turveyd]

You're right, too much time wasted on someone whose contributions are completely worthless, he can talk to himself from now on.

Hopefully everyone does it and he gets the message and goes away.