Grim future for day trading as a career

Discussion in 'Wall St. News' started by Q3D, Dec 9, 2015.

  1. wrbtrader

    wrbtrader

    Q3D,

    Take a break from trading...you're getting more lost especially with your growing obsession with algorithms. Seriously, its not the end of the world and nobody is forcing you to continue trading markets you think are impossible to trade.

    Have you tried forex trading considering the statistics show it is a growing market (not on the decline) and becoming more popular for day trading ???

    Stocks and futures are small in comparison to the FX markets

    Warning, there's also a greater high frequency trading trading in FX markets but that has not put in enough fear to slow down its fast growth. Also, most of the stories I've been hearing about retail traders getting involved in algorithm trading...most of those stories involves the FX markets.
     
    Last edited: Dec 13, 2015
    #121     Dec 13, 2015
  2. speedo

    speedo

    If you truly believe you can't do something, you're probably right.
     
    #122     Dec 13, 2015
  3. Who's fault is it you can't trade now? No mention of Al Brooks, big Mike, or don Miller... BROWNIAN MOVEMENT??? Sorry but your posts keep getting stranger.
     
    Last edited: Dec 13, 2015
    #123     Dec 13, 2015
  4. Q3D

    Q3D

    The discretionary day-trader is approaching death. HFT increases market efficiency. Quantum computers will only increase market efficiency further. How will future traders who follow in the primitive ways of Al Brooks and Don Miller make careers as traders in a nearly 100% efficient market in the future?
     
    #124     Dec 13, 2015
  5. wrbtrader

    wrbtrader

    Q3D,

    I hope technology makes quantum leaps because that also implies we'll too have access to new technology for our personal lives and for our careers. Its all good at the end of the day for those willing to except it and adapt with it.

    With that said, this forum has well documented many others like you (doom/gloom traders) over the years and yet day trading is still alive although some sub groups of it is on the decline but will never die.

    I truly hope you can find a way to move on to something else that helps you grow as a person to outweigh your negative experiences in the markets because one day your very life may be dependent upon you finding a path out of your darkness considering several traders (including myself) have specifically outlined to you ways to adapt in the growing environment of algorithms instead of waiting for regulators or congress to get involved.

    You gotta stay positive, grow, embrace and adapt because the markets are always changing.

    The markets (those that adapted) will take your money and all of it if it can especially when it smells a road kill. Simply, I truly hope you're no longer trading with your dark attitude because it obviously is not a positive thing in your life. Actually, its painful to see traders like you and hopefully you're not as such in your personal life because of your bad experiences in trading. Thus, I will now assume you're probably just here for academic reasons, boredom or just trying to figure out how you screwed up this thing called trading while you find something else to do in life that's more positive for you.

    Whatever the reason you're still hanging out at different trading forums, discretionary trading (speculation) and any other type of trading will be here as long as there are markets. I know such because the first doom/gloom people I read about like you was in a documentary about the stock market crash of 1929.

    Yet, after all the market crashes, we are still here and its now 2015 (fast approaching 2016) and there's still a market full of discretionary traders just like there will always be people that will invest their own money in the markets. ;)
     
    Last edited: Dec 13, 2015
    #125     Dec 13, 2015
    nakachalet and speedo like this.
  6. Q3D

    Q3D

    Your positivity is like dancing and celebrating at a funeral, highly illogical.
     
    #126     Dec 13, 2015
  7. wrbtrader

    wrbtrader

    You're still here posting for whatever reasons. Thus, you ain't dead.

    Yet, if/when that day arrives that you call it quits...do not feel bad because most traders do not make it and hopefully you do not allow any of that negativity from trading to show up in your personal life.

    No celebration...just real life advice so that you understand never to underestimate the psychology of trading. It can be a light for some and dark for others.

    I grew up with a personal closeness (family) with the markets from a young age. Thus, I've seen its ugliness and its beauty. If it's ugly to you...get out while you can. If its a thing of beauty...enjoy it while it lasts because there's no guarantee for further success.

    Regardless, the markets will still be here long after you and I are buried or turned to ash. Therefore, traders will still be here and that's the way its been since the 17th century and there's been a ton of technological changes since the 17th century.
     
    Last edited: Dec 13, 2015
    #127     Dec 13, 2015
    nakachalet likes this.
  8. Way too much good logic here wrb... No way to convince a person who knows everything. I've seen a few of these know it all types roaming around here lately.
     
    #128     Dec 13, 2015
  9. Trader22

    Trader22

    Damn, how will i spend all this fantasy money from day trading in my fantasy house?
     
    #129     Dec 14, 2015
    d08 and lawrence-lugar like this.
  10. Get you a fantasy girl or two, she'll figure out how to spend it.
     
    #130     Dec 14, 2015
    lucysparabola and Trader22 like this.