Day trading for a living - Almost impossible

Discussion in 'Trading' started by Drawdown Addict, Sep 9, 2024.

  1. "built up the treasury over 10+ years" = saved up as much of the company's revenues / profits as possible for more than 10 years in order to be well capitalized when the company pivoted the business from management consulting to capital management (investing).
     
    #111     Sep 18, 2024
    Sekiyo likes this.
  2. Yes, it is definitely possible that Ross Cameron makes those kinds of profits.

    I was skeptical at first, then watched dozens and dozens of his youtube videos for free, and then I implemented a scalp trading system that is very similar to his along with (and this is the most important part) a risk management system that is similar to his, and even more conservative than his.

    I've currently hit my 26th green day in a row scalping stocks. And I am hitting my daily profit targets and more. That is insane, but very doable. Ross's former record was 37 green days in a row in July of 2023, and he just hit another consecutive green days record of about 56 green days this summer (2024). The dude is a machine, and his results can be replicated. I am starting to do it.

    My system is more conservative than his. Ross can hit 10 times his daily target sometimes, and he can also lose 10 times his daily target in one day. My risk tolerance is not that high, and I tend to hit my daily target or sometimes get a 2 or 3x gain on my daily target. And before this 26-day streak, I occasionally had a down day where I lost 2 or 3x times my daily target.

    By the way, I'm trying to find out how many scalps Ross does on average per day. I can't find it in any of his videos. Maybe I missed it?
     
    #112     Oct 3, 2024
  3. shine

    shine

    If we judge this way, then as stratistics shows, for most traders any type of trading is impossible)). But there are people, albeit a minority, who earn money in different ways of trading (scalping, intraday, swing trading), without setting themselves the task of earning all the money in the world. Here everything rests on the realism of goals and expectations and the measure of greed.
     
    #113     Dec 11, 2024
    MACD and Math_Wiz like this.
  4. Tradenade

    Tradenade

    Which futures contract on the Hang Seng (I find myself in the Southern Hemisphere) is best to day trade ie: the equivalent of the ES or NQ?
     
    #114     Dec 11, 2024
  5. Hello shine,

    I personally do not believe trading should be as hard. But I understand why it's hard. It is simple once you remove a few marketing stuff.
     
    Last edited: Dec 11, 2024
    #115     Dec 11, 2024
    shine likes this.
  6. If you are willing to hold overnight then you should look in your own backyard at the spi 200.
     
    #116     Dec 11, 2024
  7. shine

    shine

    I would say trading becomes simple when you have a solid trading strategy, you are able and willing to control risk and your emotions. But the problem is that not many can create a profitable strategy and remove greed, haste and excitement from their trading.
     
    #117     Dec 12, 2024
    MACD likes this.
  8. ironchef

    ironchef

    According to the FTC’s lawsuit, Warrior Trading made misleading and unrealistic claims that its day trading "system" would result in big investment gains for customers

    https://www.ftc.gov/enforcement/refunds/warrior-trading-refunds#:~:text=According to the FTC's lawsuit,big investment gains for customers.
     
    #118     Dec 15, 2024
    SimpleMeLike likes this.
  9. tomkat22

    tomkat22

    Ross Cameron does well when the small-float market is hot. He's made about 1.7 mil this year. He only netted 389k in 2023,which was an up year for large caps but apparently a bad year for small caps.
     
    #119     Dec 15, 2024
    SimpleMeLike likes this.
  10. maxinger

    maxinger


    You can try
    hangseng index futures
    hangseng H shares futures
    hangseng Tech index futures
    China A50 futures
     
    #120     Dec 15, 2024
    Tradenade likes this.