Is day trading worth it?

Discussion in 'Professional Trading' started by Laissez Faire, Jun 18, 2013.

  1. it was highly tradable using -5 cent / -$50 stops hunting +30 to 50+ cent / +$300 to $500+ per contract gains... such as my version of the day attached. Whoever said it wasn't?

    other references made to bots involved trying to trade using -100 tick initial stops while holding for big trend moves. Have I made that point clear enough yet, or do I have to repeat it several more times?
     
    #1071     Jul 27, 2014
  2. yes, yes... because $8m commercial real-estate deals are so easy for realtors to find here in 2014. Why not just sell one a month and make some real money? So easy.
     
    #1072     Jul 27, 2014
  3. Maverick74

    Maverick74

    Cornix, were you not a disciple of nodoji? I thought you were one of her students. I maybe mistaken.
     
    #1073     Jul 27, 2014
  4. tiddlywinks

    tiddlywinks


    Excerpt from home page of Dolly Lenz
    http://dollylenz.com/


    By Trang Ho, Investor’s Business Daily

    Dolly Lenz reigns as the queen of U.S. real estate.

    As vice chairman of Prudential Douglas Elliman in New York City, she has moved more than $7 billion in real estate.

    That's more than double the next top agent in the country.

    "It's wonderful to achieve, but it's not fulfilling because it's not revolutionary," she said philosophically

    As it is, Lenz sold $750 million worth of property in 2007 and raked in $10 million in commission, she says. By contrast, real estate agents' median sales volume that year was $1.6 million. And the income for an agent with comparable experience was $69,500, according to the National Association of Realtors.
     
    #1074     Jul 27, 2014
  5. cornix

    cornix

    Yes, intraday entries can probably be great way to fine-tune signals on larger scale and achieve amazing R:R. But without consideration of those larger scale factors... I don't know, it suddenly started to feel random to me. Maybe it really did become more random, I don't know.
     
    #1075     Jul 27, 2014
  6. Scaleout.Scalper

    Scaleout.Scalper Guest

    I thought we were talking about technical analysis, not tangents.
     
    #1076     Jul 27, 2014
  7. Maverick74

    Maverick74

    TA? Wrong guy dude. I was NOT talking about TA.
     
    #1077     Jul 27, 2014
  8. Scaleout.Scalper

    Scaleout.Scalper Guest

    Your own words "And daytrading around doji's and moving averages is NOT an edge"
     
    #1078     Jul 27, 2014
  9. Maverick74

    Maverick74

    Yes, I'm talking about edge, not BS TA. Squiggly lines is not an edge.
     
    #1079     Jul 27, 2014
  10. cornix

    cornix

    I wouldn't say so. Rather both me and NoD learned a lot from the same trader (Bighog).
     
    #1080     Jul 27, 2014