Is day trading worth it?

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

  1. Why did you quote me saying something I didn't say?

    I do however think what you're saying is very accurate. Most people here who have a desire to 'teach' all the time, is very unlikely to be profitable.
     
    #1781     Mar 24, 2015
  2. I spend lots of time near terminal and moreover i read a lot about Fx. So i hope soon it will take less time. Im thinking about robots
     
    #1782     Mar 24, 2015
  3. Buy1Sell2

    Buy1Sell2

    You did say it on page 18. Just wanted to make a point about the mentoring. I realize what you said was in jest.
     
    #1783     Mar 24, 2015
  4. Buy1Sell2

    Buy1Sell2

    Yes I find myself quite in agreement with this.
     
    #1784     Mar 24, 2015
  5. Autodidact

    Autodidact

    Careful, I find swing trading much easier to daytrading, not to mention, cheaper.
     
    #1785     Mar 25, 2015
    Buy1Sell2 likes this.
  6. Autodidact

    Autodidact

    Its actually more like risk management, sort of like a limit down lol
     
    #1786     Mar 25, 2015
  7. dbphoenix

    dbphoenix

    Actually it's fear management and is only tangentially related to any other sort.
     
    #1787     Mar 25, 2015
  8. Find out early what you NOT good at, then DON'T do that thing. :)

    Work to you strength, not weakness.
     
    #1788     Mar 25, 2015
  9. Buy1Sell2

    Buy1Sell2

    There are less decisions to make when swing trading and position trading. Thus, there is more time to review and contemplate your decisions. Less decisions=fewer times you can be wrong.
     
    #1789     Mar 25, 2015
  10. What's your approach to swing trading, may I ask?

    Are you following a ton of stocks or instruments or do you concentrate on a few?

    What I like with day trading is that you can really specialize and focus on one contract. I know some people like to spread out here as well, but I don't. For me, it was the ES and I felt I really started getting a grasp of how it moves.

    Seeing that my current swing trade has been open for months and probably will be for at least another month, I was thinking perhaps I could combine day trading and swing trading.

    I may have already mentioned it, but the difference from my approach to day trading now and then, is that I won't attempt to trade for a living or have pressure to perform. It will be a long term thing where I can and will skip days entirely. I had tons of days in the past where I was profitable, but I knew I had to make it big, so I would often end up losing it.
     
    #1790     Mar 26, 2015