Consistently Profitable Day Traders

Discussion in 'Professional Trading' started by Norm, Feb 11, 2005.

  1. Sir, to answer your questions

    I trade with 50K of capital

    My trades are automated so there are no hard rules for frequency etc, but I trade in 500 or 1000 share lots, the average hold is under 2 hours and some days I have no trades and some days ten trades. Note, length of trade can vary from minutes to days. For me the key is developing a system that suits your product. Because I trade only two items, and they are similar, I can be profitable. SBUX and COST. I like the Nas but I avoid tech and medicine. I'm thinking about trading BBBY. (I'm testing a few ideas on my program, but havn't cracked it yet) I have kids, mortgage, etc so like I say, I have to trade to eat.
     
    #101     Feb 15, 2005
  2. SteveD

    SteveD

    The data for Block Trading may be correct, LOL. You had to see it to believe it!!! Looked like a crap table in Vegas. Jump in and buy something THEN try to figure out which way it was going to move.


    Quite a show


    SteveD
     
    #102     Feb 15, 2005
  3. If you can avoid catching a bug from our big wheels, you may get somehere.

    Be good,
    nononsense
     
    #103     Feb 15, 2005
  4. sugaree

    sugaree

    its been proven that you can not make a long term living doing day trading.
     
    #104     Feb 15, 2005
  5. imc

    imc

    Hmmmm.....

     
    #105     Feb 15, 2005
  6. MAESTRO

    MAESTRO

    Its been proven that you can not make a long term living period! :D
     
    #106     Feb 15, 2005
  7. Show me the irrefutable proof then....I anxiously await your reply!
     
    #107     Feb 15, 2005
  8. What?! You don't even know me! :D
     
    #108     Feb 15, 2005
  9. imc

    imc

    So, you have not been successful then?

     
    #109     Feb 15, 2005
  10. MAESTRO

    MAESTRO

    Winter, there are shit load of people who think that if they can not do it then no one can! Typical reaction of a frustrated dude.:cool:
     
    #110     Feb 15, 2005