Is day trading worth it?

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

  1. Daring

    Daring

    I think you mean, only with ambiguity and severely lacking in risk management details.
     
    #101     Mar 25, 2014
  2. dbphoenix

    dbphoenix

    So in June you were complimenting me on how "clear and effective" my approach was, and in May you were commenting on my "great posts". Something has changed, and it hasn't been me.

    As I said, best of luck in your trading. In the meantime, just put me on Ignore.
     
    #102     Mar 25, 2014
  3. NoDoji

    NoDoji

    The way your comments come across to me is that a six-figure annual trading income from stocks is more "legit" than a six-figure annual trading income from futures unless the futures trader generates his/her income by trading a certain minimum number of contracts.

    Also, I don't recall telling anyone how easy it is to be a consistently profitable trader. If I've said that here on ET, I apologize. I do recall starting a thread not long ago about how it's difficult. I do frequently comment that the setups commonly found on-line, in books, and in certain webinars still work after all these years.
     
    #103     Mar 25, 2014
  4. trendo

    trendo

    What would you say is "killing it" in minimum % returns per month? (Or any other metric that would add clarity to your definition of "killing it.")
     
    #104     Mar 25, 2014
  5. Scaleout.Scalper

    Scaleout.Scalper Guest

    I think by killing it he meant "10k per day" average and referring to "students" not mentors.

    I certainly don't fit that profile.
     
    #105     Mar 25, 2014
  6. cornix

    cornix

    Now in hindsight: both my approach presented in that journal and the journal itself were mistakes. That's it. Mistakes happen and (hopefully) make us evolve. :)
     
    #106     Mar 26, 2014
  7. cornix

    cornix

    You're right. That was a stupid idea. I am not going to repeat that mistake once again.

    Recently I only drop my 2 cents in any threads on general matters and/or area where I am truly confident (psychology).

    If people truly want to know something, they just ask. No need to play guru and tell something nobody asked you to tell. I somewhat agree with you here.
     
    #107     Mar 26, 2014
  8. According to dbphoenix, gurus have zero responsibility for their actions and every responsibility is on the student.

    I find it strange that a zillionaire trader like dbphoenix are selling an ebook for $30 through paypal.

    :confused:
     
    #108     Mar 26, 2014
  9. Thank you for being honest and best of luck forward.

    What a great place this could be if people actually were honest and upfront. I do realize it's a pipe dream, but I'm a dreamer.

    :)
     
    #109     Mar 26, 2014
  10. Cornix: do you mind going back to your journal and highlight the mistakes you've made. This in a good way. Thanks in advance.
     
    #110     Mar 26, 2014