where or how do you live that 4K (no matter if before or after taxes) is not enough to have a pretty good life? monte carlo? manhattan 5th avenue? penthouse in miami?
yes, but SO few can do it. I have a theory that a lot of position traders started out as intraday but couldn't cut it.
Not so much as "couldn't cut it", but they finally wised up and recognized that scalping is a fool's errand.
I know plenty of intraday scalpers that make 250k+ a year which is a very good living. You have to start somewhere in this business, I feel that the shorter the time frame the better until you learn how to expand your game to longer time frames.
i tel you something and go write it on your wall. there is no such a thing as a successful 'day trader'. don't waste your time. it don't exist. and don't waste your life. no day trader is ever successful. maybe just for the day. if u want to trade ask yourself for how long do u want to be a winner. day trading = losing. it's like gambling. and those that think they're making money they're addicted and drunk. in the long run they don't have a cent. people here who vote they are, have a perception. and yes, ofcourse if u put 100 monkey in a room 1 might call ur name. but thats how arnold is a US senator. shit happens. call it luck. but it don't necessarily mean success. and don't live ur life on the hope of such a rare event that doesnt even last. the only successful day traders i know r market makers. but that's a whole different thing. ooo. day trade. make easy money. sounds good to ur ear huh? trust me on this, for once, don't believe u can success at day trading. ye believe u can become rich trading. but not at day trading. sometimes it's very important u recognise something that cannot be done. write it on the wall.
I thought you werent going to post on ET anymore? Bro, you are an ignorant idiot. You have no clue what you are talking about. I would stick to what you know and stop posting on threads you are clueless about.
plenty of grandmas making $9,000 a month. don't give up hope. <img src=http://elitetrader.com/vb/attachment.php?s=&postid=1087957>
Day trading does not equal scalping, rather scalping is one method/strategy used in day trading. Should I say that position trading is stupid and random since some make decisions base on the moon (not equating scalping and the moon decisons, just giving silly example to demonstrate point)?
I've never met a successful trader of any time frame or method that been so firm like this. Only ones Ive met that acted like that were unsuccessful, at any method, sooo... Where were you years ago with this information? B/4 the tech crash...during the tech crash....after the tech crash.... I could have used it then....still here day trading......thx for the heads up!