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traderrn
Registered: Mar 2010
Posts: 56 |
12-16-11 09:48 PM
Quote from beachhouse:
I don't do day trading, I trade at night, so I am ok.
thanks for the warning though, I will make sure my trading starts when it gets dark. At this time of the year, it's about 5 pm.
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Handle123
Registered: Aug 2007
Posts: 1037 |
12-16-11 09:55 PM
Since 1984 I have heard from hundreds how day trading has no money in it. Then Pc's arrive, and hundreds say "They" will have faster and bigger computers, no money in day trading. Then the Internet arrives, and hundreds say "They" will have faster cables, no money in day trading. Then HFT arrives and again, hundreds say "They" will have faster and bigger computers, no money in day trading.
The S&P 500 Index still trades same little wiggles, same patterns, same time patterns it did in 1984 except bigger ranges. Big deal. My educated has increased hundred fold, ya just got to learn how to trade chop, learn what the Price Action is saying, find reliable patterns, understand that ES support/resistance looks different than another Index. Each market has it's own personality.
But I do agree, easier money trading long term, less commissions, less watching screens, much better reward to risk.
But even long term traders/investors lose when they are uneducated.
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trader198
Registered: Mar 2010
Posts: 1217 |
12-16-11 09:59 PM
not exactly.
whether day trading or swing trading, the princpincls are the same.
in day trading, 99.99% needs pure technical guidance, you do not need know fundamentals. in swing trading, fundamentals can be applied, but to execute the idea, still the technicals.
actually swing trading is harder than day trading. in swing trading, there is overnight develpoment, like big gap down/up, hard to manage risk based on technicals. so most 99.99% investors lost. in order to manage overnight undefined risk, you need option, but 99.99% swing traders are trading naked (without any protection), they even do not know they are nakedly trading, that is the sad part.
when you look to day traders, they can easily use pure technical analysis to guide the trades and manage the risk, very simple, a hard stop loss or mental stop.
so serious day traders often end up profit year after profit year, they thrive and prosper.
of course, those blotters are not day traders. you can not count them in.
Quote from Bear Trader:
I cant see any day trader making and end of the year profit for the next 3 years. It is going to be brutal quit day trading, HFT and the unstable markets is going to kill you all. There are going to be more chops than a Chefs knife. More swings and bounces than a Tennis match. Pls dont say I did not warn you. The only people who are going to make money are the swing and long term traders. Day trading is dead!!
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TraderBoy23
Registered: Sep 2011
Posts: 88 |
12-16-11 10:07 PM
Quote from Bear Trader:
I cant see any day trader making and end of the year profit for the next 3 years. It is going to be brutal quit day trading, HFT and the unstable markets is going to kill you all. There are going to be more chops than a Chefs knife. More swings and bounces than a Tennis match. Pls dont say I did not warn you. The only people who are going to make money are the swing and long term traders. Day trading is dead!!
What are you talking about?? 100+ point swings each day are great for day traders. Up or down we don't care money to be made on either side. Id say good luck to the investors just starting up. They'll be the ones that really are struggling in the times to come.
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stock777
Registered: Jul 2001
Posts: 15407 |
12-16-11 10:54 PM
plenty $ 2 b made.
but its a lot more work than it used to b
i like easy knot hard
bots designed to fuk with your head
dont like.
much happens 1 second, not for humans
bot vs bot
sux
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