Is manual day trading dead?

justrading said:
I've said this before, life repeats, I'll say it again. Some will of course say trading is not the same, I differ. Say it anyway, I'm repeating myself, no harm in your saying the same thing again.

This business of brokerage statements rests on the premise that those who can, do, those who can't, teach, and we only can and should learn from those who can.

That is pure unadulterated bullshit.

Firstly, almost everyone who can do won't waste their time teaching. Very few do, and the few you see here who offer advice regularly, and aren't trying to sell anything, are the exception. Pick the stars in any field of endeavour, how many spend time teaching? Satisfaction for them comes from achievement, not teaching.

Nobody who has coached Tiger Woods has been even close to his achievements. Similarly for Federer and Phelps. Sports different? Pick pretty much every Nobel Prize winner in economics, the sciences, medicine. They all started learning from primary school teachers, secondary school teachers, university professors, none of whom ever won a Nobel.

This business of you can only learn from someone who has achieved all that is being taught is a logical fallacy that fails at the point of proof. It is an appeal to ignorance not supported by the reality you see all around you.
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Its pretty much the basis for the entire human condition from the beginning of time. Its how we got where we're at imo. Building upon the knowledge of others that's shared.
 
Trading Education Buyer said:
That got you in a zoo , learning from baboons.
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Keep that in mind the next time you go have a tumor removed from your brain Sigmund. That surgeon was taught by a baboon.

What is it with you and monkeys anyway?:p We're in America... this is an American forum...find a new f'ing animal. Use a bald eagle for Christ sake. They eat baby baboons and feed em to their young beeatch. :D:D:D
 
vanzandt said:
Keep that in mind the next time you go have a tumor removed from your brain Sigmund. That surgeon was taught by a baboon.

What is it with you and monkeys anyway?:p We're in America... this is an American forum...find a new f'ing animal. Use a bald eagle for Christ sake. They eat baby baboons and feed em to their young beeatch. :D:D:D
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https://www.elitetrader.com/et/threads/dax-profitable-trading-system.305141/

all talk.jpg
 
galvinlee888 said:
Too many people with different motivations in ET this day, really a sad thing.

This guy is either an amateur trader that try to get attention and coaching from other experience trader (unfortunately he is using a wrong approach), or even worst is he is trying to market himself in ET as profitable trader and to attract more followers. The next step will be get his followers to the Social Media, open his own paid subscription/teaching or even ask people to invest in this BS proprietary trading method. Shame to those people as all their followers will loss money eventually.

See below his response in one of the previous post, this make my day.
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https://www.elitetrader.com/et/threads/profitable-day-trading.305142/#post-4374026
 
tommo said:
If you rely on little free money edges in the market that were there 10 years ago, no they aren't there anymore, algos automated all that stuff.
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Very true.

Looking back there was SOES (long ago) arb, NYSE Opening Orders, following short sellers down on low volume stocks, fishing for NYSE price improvement, etc...
 
777 said:
Very true.
Looking back there was SOES (long ago) arb, NYSE Opening Orders, following short sellers down on low volume stocks, fishing for NYSE price improvement, etc...
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No need for nostalgia. You still have the greatest edge of all, being, reading the trend !
And how can a zillion gigabytes of AI do any better than enter and exit a trend as early as possible, which humans have been doing since the first markets opened?

One of the world's greatest traders once said,
"There will always be trends in the markets as long as there are people(&AI) who can't read them".
 
lawrence-lugar said:
If you find yourself blaming high frequency trading for your failures in the marketplace...then you were never successful before anyways.

Not being an ass or anything -- but just something to think about or reconsider in your strategy o_O:confused:
They deal in huge volume, but make an extremely small profit.

Ideally as a trader, you want as shorter time frames as possible...so you can have much more revolutions for more opportunity and compounded growth.
and i'm not talking about scalping stock for peanut profits either -- those commissions will easily eat you up.
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lol..more revolutions mean u pay more spread n more commish n fees..this is counter intuitive. deeper real liquidity..longer moves less trades is more money in your account
 
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