Random buying and selling, and day trading

Quote from trickshot:

What makes you think that successful traders must be using past information? I would consider myself to be a relatively successful trader, and most of my money was made on the non-directional trades (which didn't require past info), as I said earlier, trading direction is extremely difficult because the trader must deal with slippage and commissions, its a major hurdle to overcome if we consider the fact that the market frequently generates false signals.
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So you're saying you trade based on no information at all and don't have slippage or commissions :confused:
 
Quote from euclid:

So you're saying you trade based on no information at all and don't have slippage or commissions :confused:
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I did mostly arbitrage, so no I didn't refer to things like charts or financial statements.

Slippage wasn't a problem for the instrument that I was trading, though I had a hard time finding a broker who would let me trade those things for cheap.
 
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