Day Trading is a pipedream.

Discussion in 'Psychology' started by guy990opl, Mar 21, 2010.

  1. bat1

    bat1


    Wrong! who said I have to make hundreds of trades?

    nothing wrong with them making money

    we all have to eat!
     
    #71     Mar 23, 2010
  2. bat1

    bat1


    yes, it does get boring and the better you get the more boring
    it is.........
     
    #72     Mar 23, 2010
    johnnyrock likes this.
  3. Cheese

    Cheese

    No offence to the thread opener, but he has demonstrated ignorance as to what goes on in markets. One of the ways trading markets is looked at in big institutions, is profitability PER DAY. For the individual trader with limited capital the most efficient means to exploit markets is daytrading.

    If the opening statement for this thread just means that trading successfully is a pipedream, that is usually correct for amateurs attempting to come into this business. However daytrading from a professional stance is rich in profitability. Daytrading is the best option for amateurs despite the high 'fatality' rate for
    newbies.

    There appear to be daytraders at ET who are doing enough correctly to keep some sort of money flowing. I have always recommended targetting the maximum points a volatile and liquid futures market (eg CL) provides daily because it is done elsewhere as a professional daytrading activity. As I do it I don't see why amateurs should not learn how and then go on to do extremely well.
    :)
     
    #73     Mar 23, 2010
  4. DHOHHI

    DHOHHI

    Not bragging but I've made a living for 14 years; since 1996 trading. Why do you guys post such drivel? Is it because you yourself failed? Or blew an account out? Or expected trading would be like an ATM machine? It takes work, effort and perseverance. And oh yeah -- some confidence and a positive perspective.
     
    #74     Mar 23, 2010
    johnnyrock likes this.
  5. However for the beginner, they will have better luck taking their $25,000 account to Vegas, and letting it ride on one number on the roulette wheel. A lot faster and the odds may be better.

    Your risk-reduced and low-risk business statements are sheer fantasty.
     
    #75     Mar 23, 2010
  6. Do you 'moonlight' as user Crgarcia?

     
    #76     Mar 23, 2010
  7. :D
     
    #77     Mar 23, 2010
  8. :D :D
     
    #78     Mar 23, 2010
  9. +1
    Most newbie traders have the patience of a knat and that is why they fail.
     
    #79     Mar 23, 2010

  10. Sounds like a self promoting hedge fund proprietor . . . run
     
    #80     Mar 23, 2010