Is day trading worth it?

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

  1. dbphoenix

    dbphoenix

    And why would I want to stop your promoting my threads?
     
    #391     Mar 29, 2014
  2. NoDoji

    NoDoji

    Yeah, that first year of finding and losing the Holy Grail several times was my wake up call to put together a real business plan for trading.
     
    #392     Mar 29, 2014
  3. Right. You have never posted a trade to the forum. At least you admit you're promoting something.
     
    #393     Mar 29, 2014
  4. dbphoenix

    dbphoenix

    Actually you're doing the promoting. As for the trades, you'll just have to read the threads.
     
    #394     Mar 29, 2014
  5. oh yeah, post one. here. you remember the 60 pts you made on Friday, posted 80 minutes after the close?
     
    #395     Mar 29, 2014
  6. dbphoenix

    dbphoenix

    You really ought to take up gardening. Or bonsai. Or maybe working with the homeless. Or disabled veterans. Get out of yourself a bit.
     
    #396     Mar 29, 2014
  7. NoDoji

    NoDoji

    I never have days like that now. My trading plan includes strict risk management. Period.

    If you apply my price action scalping methods to any intraday chart of CL or NQ or ES during regular trading hours, it should be clear that it would be extremely difficult to have losing days unless I a) had hardware/software/platform/internet issues, b) I was only able to trade part of the session, or c) I violated my rules.

    I've had all of these things happen and it resulted in losing days.

    I don't care to divulge any information about my ROI. Suffice it to say that trading provides a good living.
     
    #397     Mar 29, 2014
  8. Occam

    Occam

    You may "feel" you've come a long way, but if you really do have any understanding of "intraday ES price action", shouldn't you be making money hand over fist? It's a liquid market that's also very leverageable-- so any real understanding of it ("edge"?) should yield significant, if not astonishingly colossal, returns. (No offense intended here -- I'm just suggesting you consider this in order to help you decide what you do best.)
     
    #398     Mar 29, 2014
  9. cornix

    cornix

    I mean, if one sucks, what's the purpose of doing OPM at all? Who will pay you for losses?
     
    #399     Mar 29, 2014
  10. Extremely difficult to have losing days is very impressive.

    Thanks.

    Let's say I understand part of the puzzle.

    Understanding the complete picture, not taking bad trades and being able to profit on it day after day is something completely different.

    Let's take any given day next week, and I'll give a live call on the ES market.

    Maybe the day high and the day low. Or a trade yielding a good size of profit. I can do that.

    Doesn't mean I'm a brilliant trader just because I can call that. But it does mean I know a thing or two about the ES.
     
    #400     Mar 29, 2014