Modern Daytrading vs Old School

C

chasinfla

All,

I've been away. Alot has changed since when I was in my heyday.

Is it still doable, or is it 100% bs, instead of just 85%, like it was when I roamed the Street as my former self?

...meant to add a poll...
 
these days its either bull or shit. Burnt a few times being a bear. still doable, but i don't have the mileage to comment concretely.
 
chasinfla said:
All,

I've been away. Alot has changed since when I was in my heyday.

Is it still doable, or is it 100% bs, instead of just 85%, like it was when I roamed the Street as my former self?

...meant to add a poll...
More...
chasinfla,

Yes, it is doable and it is not 100% BS. Traders are making money, you just have to take action.
 
The younger crowd, self-thought programmers, and many trade via APIs directly.
 
chasinfla said:
Is it still doable, or is it 100% bs, instead of just 85%, like it was when I roamed the Street as my former self?
More...



Let's look at Amazon's avg price rage from the same time of year in 1999 & compare to present.

Right chart: AMZN 5min 4-23-2019, Left chart: AMZN 5min 4-23-1999
avg % chg 10 bars (orange) = 0.13% on both charts
avg % chg 100 bars (gold) = 0.12% on both charts
* no difference in avg intraday price range from 1999 to present

Commisions are far less now than in 1999 - you be the judge if day trading is dead, I think it depends on the trader.

upload_2019-4-23_11-5-38.png
 
Last edited:
It's doable, it's kinda hard, but not when you've got the solution to over come, which might take a decade or 2.

Give it a try don't bet the house, the wife maybe, but not the house!!
 
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