Day Trading is a pipedream.

as well as the pain in the arse

aaaahahahahahaaaaaahahahahahahahahaha

 

stop this crapola!

 

and you stop this crapola too,jerk!

 

and there's around the famous quote by a neurosurgeon saying:

"I thought that a neurosurgery to the brain was difficult until I tried to trade the S&P"

 

Good post.

Trading has taught me that just because a task or process is simple that doesn't mean it is easy to perform. In fact, the opposite seems to be true in my experience.

Trading is very similar to sports, in that we may be able to perform well on occasion, but have difficulty achieving mastery. I can hit a golf ball well some of the time, but not most of the time, which is why you don't see me on TV.

The more I learn, the less I know, and the less it matters how much I know.

Happy trading!!

 

Excellent post, thank you!

 

I wish I came across this post earlier. I would have quit years ago and would not have wasted so much money and time.

Now I have decided: I will quit trading and become a firefighter.

If they turn me down, I will go to a private school and get an MBA.

 

Firefighting needs discipline too, I hope you're not as loose at that job as you were with trading.

 

I have record three months straight no red day, averaging 4k a month (not matchable with my former softawre engneer job).so called consistency is misleading.

no one can have consistency. in my straight green day 3month, sometimes I just get it green, sometimes I green lot. the important thing anyone should achieve is: keep red day as few as possible, and keep loss as small as possible or below a thrashold.

you can not do consistently, why? the market keeps going forward, you need different strategy to extract profit. if you see market is changing mode or changing direction/bahviorpatterns, you get to change your method, so it is impossible to do robotic work or programmable work.

someone is searching systematic mmathod, that will be fruitless. the past is not the future.

just any software project, always have different things there, whether the programming language or scales or customers needs, though coceptually we called software project, but its inner containts are different. so there is no consistency requirement between different customers.

trading is the same. pricinple is the same: buy low and sell high. but the applications are different, it depends on situations, so there is no consistency.

 

Daytrading was golden from 1997-2008, it lasted for about 10 years until terminator took over. There are still opportunities in daytrading but if one finds himself putting on a trade every single day, the odds are now seriously against you.