Is day trading worth it?

Discussion in 'Professional Trading' started by Laissez Faire, Jun 18, 2013.

  1. Where are the loss statistics ? Just because someone make something up doesn't mean it's true.
     
    #1731     Jan 19, 2015
  2. I have seen no evidence you can trade or know anything about trading.
     
    #1732     Jan 19, 2015
  3. samuel11

    samuel11

    Are you talking about yourself here or...? Just asking :D
     
    #1733     Jan 19, 2015
  4. Turveyd

    Turveyd

    Yeah it's my world, bugger off!! leave me alone to rant LOL
     
    #1734     Jan 19, 2015
  5. I am talking about Deutsch bank, barclays etc. They have stated nothing about losing money. I have not stated my losing money either.
     
    #1735     Jan 19, 2015
  6. Here's a trade that was started in Note's Journal thread. That thread appeared to have died a premature death with both the trainee and trainer going AWOL - how dreams die ... sigh. So, I will carry on with the trade here.

    I have increased the exposure on the trade in expectation of the trade making the final leg of the move. As it stands currently, the trade is worth 5%+ account growth. Anyone sane would have taken the gain. But I am too greedy and looking for more. The only risk I see the trade facing is the EU QE bullsh*t. But nothing ventured, nothing gained. Livermore once said, it's the sitting ...

    [​IMG]
     
    Last edited: Jan 19, 2015
    #1736     Jan 19, 2015
  7. NoDoji

    NoDoji

    Yeah, I'm not surprised. After hearing about him, I looked at the trade records he posted on his site and they made no sense. I had no idea what his trading tactics were from looking at those trade logs. Usually I can tell right away what someones basic tactics are if I see a few trades. But there was no logic to his trades and there were really strange discrepancies that just made no sense to me. :confused:
     
    #1737     Jan 19, 2015
  8. fuzzler

    fuzzler

    Yeah. My first impulse on anyone showing of their track records, usually just garbage. [​IMG]
     
    #1738     Feb 6, 2015
  9. Scaleout.Scalper

    Scaleout.Scalper Guest

    That is correct, in this business the correct attitude is guilty until proven innocent.
     
    #1739     Feb 6, 2015
  10. How much $ would you guys say would be necessary to fund a high risk day trading account to trade one lot ES?

    I have some excessive capital from a very successful swing trade I took on that I might be interested in putting into a day trading account.

    I believe I had a good thing going with the ES, but the difference from my prior approach will be that:

    - I won't attempt to 'trade for a living'
    - I won't have to withdraw the cash
    - I can have the capital in that account for years

    I'm thinking that ideally I should have at least $5000 per contract, but I don't think I have more than $3000 to spare at the moment as I want to continue swing trading as well.
     
    #1740     Feb 12, 2015