profitable daytrading is possible, but probably not worth the effort

[mgabriel01]

Quote from ProfitTakgFool:

If you want to make money trading then you have to wait until its YOUR turn. --------->>> Well Said!

This is key - I have discovered aspects of it for myself
I make fewer than 10 trades a day - and generally place positions out in advance of the current market action
If the action comes my way - then the setups are hit
If the action moves away ---- then my setups never get hit and I move on to something else (usually walking the dog)

this way of trading is very relaxing

 

[ProfitTakgFool]

Well now you know three Kidding aside Captain, successful traders come here mostly for socializing and entertainment. Trading can be a very lonely, boring sport. There are times when I spend hours in cash, and where do I come for a good laugh? Well, ET of course

Quote from CaptainObvious:

This thread is sure to bring out the pretenders. I personally know two people that make their living day trading and neither have ever heard of Elite Trader, nor do they want to. They're too busy trading. Must be a correlation there somewhere. :eek:

 

[mgabriel01]

Quote from ProfitTakgFool:

Well now you know three Kidding aside Captain, successful traders come here mostly for socializing and entertainment. Trading can be a very lonely, boring sport. There are times when I spend hours in cash, and where do I come for a good laugh? Well, ET of course

ET is like most things --- theres alot of nonsense and an occaisional useful nugget