Day trading is losers game

Discussion in 'Trading' started by oilfxpro, May 17, 2011.

  1. You still dont have a clue do you? Reading your posts are funnier than watching reruns of the 3 Stooges.
     
    #381     Jun 11, 2012
  2. This ain't night trading , where the big boys move the prices at night .I am talking about bloody day trading where u get chopped out all day , with an illusive win at night where you had no trade.
     
    #382     Jun 11, 2012
  3. cornix

    cornix

    This gap close today was such a sweeeet trend for day trader. :p
     
    #383     Jun 11, 2012
  4. Glad you traded it with $100m
     
    #384     Jun 11, 2012
  5. cornix

    cornix

    You have yet to reach the stage of financial freedom to let you understand that happiness in life is not about being in Market Wizards or Forbes/Fortune top, but in harmony with yourself... To answer your post, of course my size is much, much smaller than $100M... but WHO CARES? :)
     
    #385     Jun 11, 2012
  6. dv4632

    dv4632

    If you can't figure out day trading then find a mentor or join a prop firm. Neither is a guarantee of success but at least you'll have a better chance than you will on your own. In my opinion day trading is a very high level skill that most likely cannot be mastered without some good coaching/mentoring.

    I have a friend who has told me the markets can drive you crazy... literally. He has seen guys flip out over this stuff, smashing computers and throwing chairs around, and in the worst cases harming themselves. No sense banging your head against a wall if it's not happening.

    Agree with Cornix that lots of money does not necessarily buy happiness. Personally I'd rather be in harmony with myself than be rich, although my ideal choice to be to have both! :p
     
    #386     Jun 11, 2012
  7. cornix

    cornix

    Yes of course it's better be rich and healthy than poor and sick as we say in RU. :D

    But it's so funny when people challenge others for not trading huge size and otherwise consider them something not "real". That gives away typical attitude of people who never really achieved anything much at all and thus don't respect the fact that results and goals can be different and a person is not obligated to dream about being the second Paul Rotter if she/he trades.

    One great trader who helped me so much and whom we often mention on my site still trades about the same size ES as he traded 5 years ago when we met... but bet my arm, he cares less about what others think about him not trading 1000 cars and thus not being "cool guy". :)
     
    #387     Jun 11, 2012
  8. Trading for me personally is about efficiency. I find myself not as nimble minded as I used to be and I am a trader for life. I need to be around trading. It makes me have harmony.

    Judging trading competence is brutal. For some efficiency is not enough. Trading is all about profit verses risk some have taught. Simply a trader is judged by his results...not the talk!

    Anyways...This is my two cents...Am I a professional no? Am I a successful trader in my own eyes no? why is that? Because I have not focused or stuck with a system long enough to endure. I sidetracked myself with the allure of the little amount of capital needed in Retail Forex...what a waste of 5 or 6 years of time. Another waste of time was when I thought I wanted to trade other peoples money and became a CTA. What a waste of three years that was...I hated it.

    So with my own inspection of myself, I have concluded that screen hours, focus, efficiency cannot be taught. If you have the right mentality and know the right people and you can get lucky...well then you will get the big bucks. If you want to tread water and not grow like me then it is your own doing.

    I think I want to join a prop shop when I get enough capital...or at least support traders that can trade the trade and walk the walk...

    ES

    P.S. Did I mention... I am very good looking.
     
    #388     Jun 11, 2012
  9. #389     Jun 29, 2012
  10. TheBlackHand

    TheBlackHand Guest

    Well that night move was someones day move in Asia or Europe.

    Maybe day trading is just impossible for Americans?

    Hmmm.

    Interesting to see that most of the reference is this thread are related to FX. Most FX traders from what I can make out are failed futures or stock traders. They move to the next gig thinking it will solve their issues. Losers love company.
     
    #390     Jun 29, 2012