Is day trading worth it?

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

  1. Turveyd

    Turveyd

    #1671     Jan 17, 2015
  2. I am unfamiliar with these programmes. I hope you find benefit in them.

    Since the other guy is seeking my views, you don't have to listen in if you don't want to.

    Also I don't understand why physical size would make a difference to modern trading. It might have been a factor in the pit trading days where physical contests by ways of pushes and shoves were involved.
     
    #1672     Jan 17, 2015
  3. Classic response. LOL

    Why don't you talk more about trading? Thanks for sharing that everyone on this site is a degenerate gambler and banks try to take your money. I put it in bold in my trading journal and underlined it multiple times. Is this the foundation of your strategy?
     
    #1673     Jan 17, 2015
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  4. I have a funny feeling you are trying to attract traffic to your journal. But no use, I never look at people's journals, except in very rare instances where an obvious laugh can be had.

    I thought I was talking about trading ? I was telling people where their money had gone, and where it will go.

    I don't remember calling you a gambler. Why are you so sensitive about it ? I did say curve fitters gamble on random numbers. You are a curve fitter then ?
     
    Last edited: Jan 17, 2015
    #1674     Jan 17, 2015
  5. I do not have a public journal, the joke was lost in translation. Go figure.

    Trading IS gambling - that is actually the correct mindset, aka thinking in probabilities.

    And, obviously, anyone that trades with a trading plan is a curve fitter, right?


    Does anyone else feel like ExperiencedJoe could be the first Trollbot? Basically all 'it' does is regurgitate (repeat without analyzing or comprehending) posts. I have to push back my technological singularity prediction a couple centuries.
     
    #1675     Jan 17, 2015
    d08 likes this.
  6. Ok, so you have a private journal and want to attract attention to it before going public with it. ? Well I am still not interested. A curve fitter's journal is least interesting of them all. It would just be a random collection of attempts to find random correlations.

    Trading is not gambling. Trading is a business that makes profit. The trading business is about buying low from you and selling high to you. It's not a probabilities game, but a supply and demand game. If the demand from you dries up, because say you lost your shirt, there will still be plenty of demand from others to take up the slack.

    Anyone who doesn't understand what trading is about and yet still attempt to profit from it is a curve fitter and a gambler using random numbers. He would have the funny belief that if he uses random numbers, these will offer greater predictive capability than if he just randomly put the bet down on whatever outcome.
     
    Last edited: Jan 17, 2015
    #1676     Jan 17, 2015
  7. Trollbot,

    I am not going to get into a debate about what constitutes gambling. As a retail trader that doesn't have access to the order book, I do not know the future nor do I tell myself I do once I put on a trade. Therefore, it's gambling to me.

    FWIW, you won't get paid consistently thinking in terms of supply and demand. That's curve fitting. Banks get paid because they take on risk. Sure they have a major unfair advantage, but nothing is for certain - apart from too big to fail (the unfair).
     
    #1677     Jan 17, 2015
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  8. Well it's a step in the right direction to admit being a gambler. Most gamblers couldn't. So when you lose your shirt, you could at least say: well I saw it coming.

    Since you know nothing about supply and demand until this moment, I will have to pass on your advice on it.

    Banks get paid because they have you and others like you as customers. Banks succeed because they could tell there is a demand for their products. They provide the supply, and they are rewarded for it. As you can see, the banks making money is nothing like how you attempt to make money. You are gambling while they are responding to an actual market demand.

    Even an icecream van operator knows more about trading than you. Again, they don't gamble, they go look for a demand. Same for a hot dog stall operator. Once again, he looks for demand. Where there is a demand, there is money to be made. There's no need to guess or gamble. But you do have to look and know what you are looking for.
     
    Last edited: Jan 17, 2015
    #1678     Jan 17, 2015
  9. Turveyd

    Turveyd

    EJ has learnt the words 'supply: and' demand' trollbot is learning lol

    No idea what it means ofcourse just like a bot.
     
    #1679     Jan 17, 2015
  10. Is there a demand for your posts? I'd say supply is overwhelming demand at the moment. You sir, are no bank. Therefore, you must be shirtless.
     
    #1680     Jan 17, 2015
    Johno1, d08 and lucysparabola like this.