They sure hate daytraders, don't they?

[jztrading]

I've been on both sides. I was a market maker for 8 years and I became a prop trader about 6 months ago . Let mre tell you that daytrading is much harder, you need to work harder and be smarter than mm's. MM's have retail orderflow in front of them to tell them where the stock is going you can be lazy and nonintuitive and still make money.Daytraders must look for other ways to get direction which in the long run makes you a much better trader.

 

[dgabriel]

Quote from AAAintheBeltway:


My question is, how can you be clever enough to be a parasite and wreck the markets but be a moron at the same time?

About as clever as Cramer. He was a daytrader. according to thh guy who worked for him. 90% of his trades were daytrades.

 

[Steelhead]

its nice spending so much time with my family and enjoying life instead of getting all dressed up and driving to the dirty city

 

[traderob]

Quote from dgabriel:

About as clever as Cramer. He was a daytrader. according to thh guy who worked for him. 90% of his trades were daytrades.

Right, in Crammers book he says he daytrades when there aren't big moves expected.
It makes me feel good hearing that he appears worried about daytraders- we must be winning more than I thought.