Is day trading worth it?

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

  1. NoDoji

    NoDoji

    If DB posted at least 5 years of audited broker statements demonstrating that he's made a six-figure profit every year, would you try to master the method he's been giving away all this time?

    Would the broker statements prove that the method he's giving away is the method responsible for his six-figure annual profits?

    Wouldn't it make more sense to study his method, apply it to the instrument of your choice and log the results in a spreadsheet, and if the results are positive over a series of 100 trades, practice trading it real-time in a sim account?

    Wouldn't that be a personally responsible way to try and learn to trade, a way that would give you the ammo you need to trust your own trading, and a way that costs nothing but your time (which you're spending quite a bit of reading and posting on ET anyhow)?
     
    #151     Mar 26, 2014
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    #152     Mar 26, 2014
  3. dbphoenix

    dbphoenix

    Well, it's been good for a hundred years, so I'll go with the weight of the evidence.
     
    #153     Mar 26, 2014

  4. Only in hindsight, my dearest.
     
    #154     Mar 26, 2014
  5. dbphoenix

    dbphoenix

    And what is your trading plan?
     
    #155     Mar 26, 2014

  6. What do you require? Uploaded copies of various pink and yellow 'post-it' notes inscribed with personal reminders?

    Don't ask such ludicrous questions DB.

    Send me your email address, I will personally invite you to an all expenses paid visit to my London offices. The first class travel arrangements alone will make the journey worthwhile, assuming you're an economy class type of guy.
     
    #156     Mar 26, 2014
  7. dbphoenix

    dbphoenix

    No post-its, no travel. Just post your plan. If you choose not to, that's perfectly okay. Let's just not fog up the issue.
     
    #157     Mar 26, 2014
  8. According to this type of logic, it shouldn't matter if I study dbphoenix or this guy:

     
    #158     Mar 26, 2014
  9. These threads are hilarious.

    I'm not saying DB or Doji are or aren't profitable but what I don't understand is why either one feels the need to defend themselves? If you're profitable, who cares? It's bloody stupid to argue with people on here. You can't win.

    For the record, I think both are probably profitable. How profitable? I don't know.
     
    #159     Mar 26, 2014
  10. Is it the same with Baron here? He makes more money from this forum than actual trading?
     
    #160     Mar 26, 2014