 |
dealmaker
Registered: Dec 2006
Posts: 605 |
12-16-11 11:43 PM
Bear Trader
Registered: Aug 2011
Posts: 14
12-16-11 11:23 AM
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!!
The environment you have described is exactly what a trader needs to make money i.e. swings and bounces, unstable market etc.. Its the investors who need stable markets, not traders.
|
| |
|
Edit/Delete • Quote • Complain |
tycoonman
Registered: Apr 2010
Posts: 292 |
12-16-11 11:45 PM
Quote from dealmaker:
Bear Trader
Registered: Aug 2011
Posts: 14
12-16-11 11:23 AM
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!!
The environment you have described is exactly what a trader needs to make money i.e. swings and bounces, unstable market etc.. Its the investors who need stable markets, not traders.
+1
volatility = traders friend
and yes, people like OP should not be trading.
|
| |
|
Edit/Delete • Quote • Complain |
bwolinsky
Registered: Jul 2008
Posts: 4546 |
12-17-11 01:27 AM
Quote from emg:
More than 90% of small traders lose! They just lose!
This is about the 17th thread I've seen you posit that statement this year.
Do you have anything else on standby when the clueless arrive to tell you that 90% lose.? I don't think it's small traders, but if the commission at Fidelity of 7.95 or commission at TD Ameritrade of 8.95 aren't deterrents you would assume they have done some kind of analytical research before they start trading.
So it could just be inexperience, not whether you're a small trader. What do you classify as a small trader? $10,000? $100,000? Less than 250k?
|
| |
|
Edit/Delete • Quote • Complain |
SK0
Registered: Feb 2007
Posts: 121 |
12-17-11 01:45 AM
Sounds like the world is ending soon. 
As long as a market has sufficient trading volume and spread is negligible, daytrading it is never a problem. Please I am not saying one would profit in case you misread my words wrongly.
In fact, I see the markets in general are running into great uncertainties in coming years. So the market volatility is going to be unusually high. That is good news for daytraders in general.
I am prepared. JH, thank you.
|
| |
|
Edit/Delete • Quote • Complain |
Chuck Rost
Registered: Jul 2009
Posts: 29 |
12-17-11 01:57 AM
Quote from NoDoji:
The bots (programmed trading) make day trading predictable and profitable if you take the time necessary to learn to recognize the price footprints that trigger them.
100% agree.
|
| |
|
Edit/Delete • Quote • Complain |
| Receive
an email whenever a new post is added to this thread by subscribing
to it. |
|
|
|
|
