Funny, my addiction to trading began when I was eleven, but it was standing at the craps table when I was sixteen, that I determined with specificity what I wanted to do when I grew up... be the house!
The intraday is a casino
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Funny, my addiction to trading began when I was eleven, but it was standing at the craps table when I was sixteen, that I determined with specificity what I wanted to do when I grew up... be the house!
It's not a casino if you can trade off 1 min chart and follow the trend. The market usually has some momentum in one direction and if you can consistently detect the start of a trend and get in you will profit over long time.
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I like 5 hour chart$, MERC 4Hi;
but I seldom day=trade. I remember in school I looked all around my typing class, about 80% good looking girls.TO GET good typing grades , had to be fast and accurate; so I did not do grade ''a''. LOL. If I have to move fast; I want to shoot ducks like Paul tudor Jones or shotgun shoot doVes.LOL.
I cant think of a harder way to make a million bucks/short term trade; investing in the stock market can make millions , do it long enough. I hand drew a hand chart on my last DEC daytrade=slower than a printer. LOL-LOL/true
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, INtra=day is not a casino; card count + win in Vegas + see hoW far you get..............................................................May want to trade a few times off investment profits; may not!!
I hope your daughter has a husband to fund her trading losses by that time.
Not sure how you backtested this, but when I do it shows only 2019 YTD is profitable near 1 pt per day on average. 2018 was four times less profitable and so was 2012. All other years between 2009 and 2019 were showing losses.
Am I missing something or did you only backtest last year/last 12 months?
50 whole points on the ES? That was your biggest drawdown on a swing on the ES? Guffaw. That's $2500.
The hell yer on about.
Yes, I see it due to their principles of the game. It's obvious that they are a gamble game, and more specifically - casinos. I'm an old gamble guys who started playing these bad games in 80's and I can say for sure that I'm a professional. My advice to everyone is that is in not so easy playing there as everybody thinks because it is an art)) Now I've started playing on clubvip777 not because I need money but because of it is like a drug for me and I already can't leave without it.
Nice casino!
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Ed Sekota said intraday is a slot machine + thats why he does eod/end of day.
Great quote , but i dont trade slot machines + when he made that comment comissions were much HIGHER/LOL......................................................................................
[Edit not an ad for day ttrades or slot machines ]%%
OK;
IF you trade10 stocks or 10 ETfs /most likely\you would trade better if you checked or checklisted 10 things.[Like price, volume, 52 week hi /low 50dma price,50dma volume=0k thats 7 or 8,close enough /LOL So 80 things+