More bad news for those playing the home game

Quote from guy990opl:

and you are a miserable idiot who can not read engish so I will cut and paste what I wrote b4 in capital letter ( this is the third time, try to pay attention )

THE FACT THAT THAT I CAN NOT DAYTRADE OR DON'T KNOW GOOD DAYTRADERS DOES NOT MEAN THAT IT CAN NOT BE DONE.
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So why do you constantly say it's a losing strategy....but then backtrack and say you don't much about it and it can be done? Make up your mind.

Sorry if my comments to you hit home, but you come across as a guy who sucks at a strategy and whines because you can't do it. I guess because I don't personally know any NBA players none of them are successful?

Go back to taking pictures of families at Sears if you can't handle the pressure of trading.
 
I wish your comments hit home, they make no sense, you cut and paste what you like to make no sense. It is almost as if you have the attention span of a cat about 5 seconds...maybe.

I had nothing but positive years so far, and you have no idea how much money I manage. This is not about me, but if you want to play who has the biggest penis, feel free to contact me privately and we can compare our performance. For your info I never took pictures of families for Sears I was taking pictures for Hustler, better colors.

I said that daytrading for most retail traders is a losing game, capish ?
 
Quote from guy990opl:

I wish your comments hit home, they make no sense, you cut and paste what you like to make no sense. It is almost as if you have the attention span of a cat about 5 seconds...maybe.

I had nothing but positive years so far, and you have no idea how much money I manage. This is not about me, but if you want to play who has the biggest penis, feel free to contact me privately and we can compare our performance. For your info I never took pictures of families for Sears I was taking pictures for Hustler, better colors.

I said that daytrading for most retail traders is a losing game, capish ?
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It's capiche. Anyways....we will have to agree to disagree.....a losing trader is a losing trader....regardless of timeframe. If you are telling me that a guy who blows out daytrading wouldn't necessary blow out swing trading/longer term then you are nuts.

As far as who is a better trader, it's not about that. It makes no difference to me whether I have a better track record than you. I have never cared how others have done throughout my career. That's another path to failure...worrying about how others do.


Hustler huh....most likely you are full of shit, but if it were true I would tell you that you were insane for leaving such a fine publication. Gotta love the internet.....
 
I started actively trading out of my home using a device called the phone. I had real times quotes fed to what would be now a primitive computer using a box that got its feed from cable television subcarriers.

The time from decision to enter and execution was not measure in milliseconds, rarely it may have been seconds, but more often measured in minutes.

I took my profits wherever I could find them and quite often many of my trades were day trades.

I still trade as I did then. I look for good trades, reading the tape and watching the charts.

A good trade is a good trade and every day there are more opportunities than I have the capital or the ability to take full advantage of.

I love watching major league baseball because in order to be a successful pitcher or hitter you constantly have to make adjustments without going away from the strengths which brought you to the majors.

So it is with day trading which accounts for 90 per cent of my current trading, you constantly have to make adjustments. I ONLY trade the NYSE listed stocks as I have for over 15 years.

I have never paid much attention to changes in the mechanics of the marketplace, although going from fractions to decimals did require a huge adjustment.

I do not think handwringing over arcane changes to market mechanics is very productive to profitable day traders like myself.

I will leave the handwringing to others.
 
Quote from lolatency:

You WANT to wait 350ms for a fill? Are you out of your mind? I want to know what happened to my order right away.
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from a human perception point of view, 350 ms IS right away. that is 0.35 seconds.
 
nah, superstars like lolatency have made 10 or 20 roundtrips and a 10% return on capital in that 350 milliseconds.


these guys have hundreds of tried and true sure thing algos that literally mint money on a sub second basis.

not one of these algos has ever been revealed here or anywhere else and never will be.

thats the beauty of it.
 
ye'ver notice no one ever says that they used to make a small stipend trading , but now , with all the changes can't make diddly and are back to installing storm windows and aluminum siding?

it's always, "I have traded for 20 years and every time the market changes I change with it and don't miss a beat"


That's why its Elite Trader.

Elite%20LogoSmall.jpg
 
Quote from TraderZones:

from a human perception point of view, 350 ms IS right away. that is 0.35 seconds.
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But even for a human, I think a half second is perceptible; a third of a second is on the edge of perceptible. How did you guys like it when the specialist shut down for seconds at a time and then gave you a shit fill when the stock was tanking?
 
Quote from stock777:

nah, superstars like lolatency have made 10 or 20 roundtrips and a 10% return on capital in that 350 milliseconds.


these guys have hundreds of tried and true sure thing algos that literally mint money on a sub second basis.

not one of these algos has ever been revealed here or anywhere else and never will be.

thats the beauty of it.
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No, the beauty of it is that -you- can finance your way into this game with all the money you made up until this point. You just have to be willing to take the same kinds of risks to learn that you did when you first started.

Old man, I am not part of your generation. But you should take solace in the fact that you will get a social security check and medicare at my expense, out of that 10% I made in that 350ms.
 
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