By reading the posts on ET, one may conclude that everyone believes that current (unfriendly) trading environment is not going to last for long, and that "significantly better" trading environment is in store for us. In that "significantly better" environment, we shall again make great money, have lots of fun and live ever happily after. In my humble opinion, there's lots of hope in that belief, and we all know that hope in trading brings dangers and nasty surprises. I believe that the present trading environment is here to stay, it may improve from time to time, but not as much as we all would like. But why so bleak forecast? The answer is simple - decimalization. As you are all intimately familiar, before decimalization, when a trader saw a set up with high probability, entered the trade, the stock would typically go 1/8, 1/4, 3/8 in his favor, and in matter of seconds, 3/8=37.5 cents on 1,000 shares would bring quick $375 before commissions. Today the IDENTICAL TRADE would bring in 1, 2,3, 4, 5 or perhaps 8 cents on 1,000 shares = $80 before commissions. So even if we get the market that would resemble 1999 (which might occur in the next 50 to 100 years), still the same trade would yield approximately 4 to 5 times less post decimalization than prior. So, if scalping was your business (which if you daytrade, typically is), instead of making $500,000 you would make $100,000. Thus, I belive this "daytrading business" is losing appeal primarily due to decimalization and not due to "bad" market or any other reasons. I still trade, I love trading, and I'm still profitable, but I'm getting doubts. Any comments on this topic would be welcome. Enjoy the Holidays and Happy New Year to all of you!