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Is the retail daytrader an endangered species?
- Thread starter Darshan
- Start date
Personally,i hate daytrading equities.Very little reward for so much sweat.Its a suckers game.I am going back to swing trading.I wont have to be 100% correct in predicting the direction of the next 2minutes for the next puny 15 cent move.Talk about burnout,death by a thousand cuts etc....For equities, swing trading is the way to go.Daytrader in equities make their brokers rich.
Daytrading is better suited for futures than equities i would think.I have never traded futures so this is my opinion only not experience.
Daytrading is better suited for futures than equities i would think.I have never traded futures so this is my opinion only not experience.
Quote from lindq:
Don't touch Forex. A sucker's game for a retail trader.
I wouldn't toss forex to the wolves so fast. If you don't like the market maker structure of the forex dealers then you can trade the CME. But take a peak at 6E I think you'll see some very nice trends. I personally think it trends better then the ES. Just my .02.
the biggest loser to algorithmic trading is traders working at investment banks, hedge funds, large banks/insurance companies. Most of them will be replaced over the next few years. Especially after seeing what some rogue traders did to their respective institutions.
For the daytrader from home, it means little.
For the daytrader from home, it means little.
Quote from lindq:
Don't touch Forex. A sucker's game for a retail trader.
Much easier money to be made in index futures. ER, ES.
Start small. Use tight stops. Get the feel for it.
Trade what you see on the charts. Price action, support/resistance. Don't think, feel.
No entries after 10:30 Eastern. 1-2 good trades each day, then shut it down and do something else.
Good luck.
Why not entries after 10:30 EST ? What time do you start to trade ?
Thanks,
Quote from The Swordsman:
Not true at all, daytraders (despite what people may think) provide liquidity.
Yeah, they really need you to provide liquidity with your miniscule volume when compared to the HFT boxes run by billion dollar funds. The market really needs that many daytraders and would collapse if most of them quit, LOL.
Get real, your only worth to the market is commissions and profits for the big boys.
Collectively, a-hole, we ALL play a role TOGETHER in providing liquidity. I never said anything about "collapse" you decided to throw that in for effect.
Quote from Hydroblunt:
Yeah, they really need you to provide liquidity with your miniscule volume when compared to the HFT boxes run by billion dollar funds. The market really needs that many daytraders and would collapse if most of them quit, LOL.
Get real, your only worth to the market is commissions and profits for the big boys.
Let's put it this way:Quote from Darshan:
I feel like the odds stacked against the retail daytrader have only been growing since the hay days of the tech booms.
I'm starting to consider leaving the markets. I'm wondering is my dream of being a highly successful daytrader merely a pipedream?
Should you have gotten into daytrading at all?
I think not.
And yes, daytraders have odds against them.
Only those offering FX futures on the CME, and don't get into scalping; didn't you learn your lesson?Quote from Darshan:
Any forex firms that wyou would recommend? Any platforms that you would recommend? I would most likely be scalping in these markets.
Any and all feedback would be greatly appreciated.. Thanks for everything
Trade relatively long term.