You got it, buckeroo!
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POLL: The death of daytrading
- Thread starter americanhero
- Start date
You got it, buckeroo!
If I religiously sat and stared at one instrument all day every day, then I would have quit along time ago.
But since I subscribe to the notion that there is always something moving even on the slowest of days, and I have various ways of trading those movers, I know there will always be opportunity.
I honestly don't see how I could justify being an ES or a SPY trader over the last few weeks. It would drive me crazy knowing I was missing out on stocks which are really moving. I will do an occasional index trade, but I only seem to get signals when the market is somewhat volatile.
I think the folks who are truly hard workers who think daytrading is dead just aren't diversified enough in their approaches to different market conditions.
Then you obviously have those who dabbled a little, got their asses kicked, and always come up with all sorts of reasons why it isn't their fault.
But since I subscribe to the notion that there is always something moving even on the slowest of days, and I have various ways of trading those movers, I know there will always be opportunity.
I honestly don't see how I could justify being an ES or a SPY trader over the last few weeks. It would drive me crazy knowing I was missing out on stocks which are really moving. I will do an occasional index trade, but I only seem to get signals when the market is somewhat volatile.
I think the folks who are truly hard workers who think daytrading is dead just aren't diversified enough in their approaches to different market conditions.
Then you obviously have those who dabbled a little, got their asses kicked, and always come up with all sorts of reasons why it isn't their fault.
Quote from e92335i08:
I really think that technical analysis has been coming to light more and more. Fundamentals seem so odd, it is very difficult to invest when looking at fundamentals because many businesses have no vision and are concerned about the economy and realistically where it is headed. Trading technicals has been pretty good in my opinion and I think that day traders have to be very nimble and pick your spots in this market
I've been trading for 15 years and this industry has changed rapidly. I don't really like the direction of the enviroment because of all the intervention into the market place.
One thing is certain in trading and is the best indicator out there.
To make money realize that " PRICE IS TRUTH! "
Price is truth peroid.
since the government is trying to shut down the money market funds which has about 3 trillion in assets. imagine how easy it would be to destroy the day trading business with an ftt or with regulations.
http://www.reuters.com/article/2012/02/07/markets-money-idUSL2E8D7BWH20120207
http://www.theatlantic.com/business...ut-money-market-funds-out-of-business/252722/
http://www.icifactbook.org/fb_ch2.html