Is day trading worth it?

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

  1. No not an online earning algo. I created a system myself and defined all the rules. The machine should check all the time which rules should be applied. He proposes me the optimal setup, but I decide and execute. The machine does not place any orders. I keep control of everything.
     
    #1881     May 25, 2015
  2. d08

    d08

    Do you honestly think 100% returns over 5 months are consistently achievable. All it takes is one bad earnings report to halve your money.

    That's why daytrading is better as you can diversify much more and you don't suffer from overnight news announcements. A solid strategy offers at least some kind of consistency, putting 100% of your equity into one company is very very risky.
     
    #1882     May 26, 2015
  3. And when you follow the link there is a lot of publicity for things Altucher is selling. And believe me according to him these things he sells will work!!!
    Altucher stopped as a daytrader so he was a loser. And like Marketsurfer he also knows many stories about all these daytraders that lose everything. But you never read a name or address so that you can check their stories.
    Traders trade, writers write. This is confirmed again.
     
    #1884     May 26, 2015
    d08 likes this.
  4. Visaria

    Visaria

    There are days when you should be day trading and then there are days when you shouldn't. I have no idea atm how to distinguish between the two, so i don't bother day trading.
     
    #1885     May 26, 2015
    marketsurfer likes this.
  5. The first sentence is not correct. The word YOU should be replaced by VISARIA. You cannot make a statement saying what others should do, you can only speak for yourself.

    PS: your statement can be applied on anything. LT there are moments too it is better not to trade for some people. Even in business there are moments you better not start a certain kind of business. Your statement is not exclusively for daytrading.

    But I respect your opinion. Everybody should decide for himself what to do, or not to do. And use common sense.
     
    #1886     May 26, 2015
    Visaria and Laissez Faire like this.
  6. Visaria

    Visaria

    Nah, it applies to everyone. :D
     
    #1887     May 26, 2015
  7. Turveyd

    Turveyd

    Defo even after having a stupid day and blowing $160 area lol


    First day of actual trading in few weeks mojo lost.
     
    #1888     May 26, 2015
  8. Yes. Why not?

    Assuming a solid strategy, yes. Easier said than done, perhaps?

    And how much does a solid strategy pay you?

    I'm thinking day trading can be VERY profitable for the few who really master it. But for the rest of the crowd who's barely breaking even and don't even beat the market indexes after busting their ass off and assuming a ton of risk, it's probably not.
     
    #1889     May 28, 2015
  9. jinxu

    jinxu

    Wow. You're still here?
     
    #1890     May 28, 2015