Is day trading worth it?

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

  1. dbphoenix

    dbphoenix

    Mostly a matter of ego.
     
    #551     Apr 2, 2014
  2. dbphoenix

    dbphoenix

    Price moving up past the mean to the top of the TR.
     
    #552     Apr 2, 2014
  3. I understand why DB doesn't post a call, how about a real time entry and exit then? How about the results of the trades? you see nothing is shared other than GURU CREATING RHETORIC.
     
    #553     Apr 2, 2014
  4. And ten padawan learners all posting the same entries...
     
    #554     Apr 2, 2014
  5. dbphoenix

    dbphoenix

    0929. Keep in mind I'm using a 5m chart.
     
    #555     Apr 2, 2014
  6. dbphoenix

    dbphoenix

    At the UL

    0930 BO

    0931 Those who are actually watching price move will note that it dropped back into the TR. If one follows the righttick of the bar, he can see what's going on in smaller intervals.

    0934 Back at the mean. A failed BO. No trade. Now traders will most likely look for trades on the underside.

    Having fun, cornix? :)

    0939 Another upside try
     
    #556     Apr 2, 2014
  7. cornix

    cornix

    Well, GG is right IMO. There are people who play it more "Soros way" based on their view of the future. And there are reactors indeed, who just follow what market tells them.
     
    #557     Apr 2, 2014
  8. :D

    May I suggest learning from folks who are proven entities with proven success? They are out there, all you need to do is look. Why hitch your wagon to to nothing but rhetoric when there are proven folks who will share with you?
     
    #558     Apr 2, 2014
  9. i love it when guys lament about those who do not share their methodology. would anyone care to offer a common sense reason why guys like me do not share?

    speaking for myself, i am not going to give up what took years to create to anyone but my family..and even select family members at that! only reason i post blotters is to possibly show some guys there is hope in this field.
     
    #559     Apr 2, 2014
  10. Cornix-- the problem is reaction requires carry thru, ie momentum to work. WHen you react to a certain thing happening you are assuming that the move will continue to carry thru enough to earn profits above your commission--therefore it is prediction.

    Predicting, trading what you think rather than what you see--- on the other hand, enables the trader to enter a trade prior to the "reacting catalyst" therefore the ability to catch 100% of the move if it occurs.

    Reacting is far too slow in today's markets-- as the move is often over by the time one reacts to it.

    Peace
     
    #560     Apr 2, 2014