Is day trading worth it?

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

  1. cornix

    cornix

    I prefer to remain paranoid about revealing exact rules for entry/exit in illiquid markets though... simple glance at DOM shows there is just not enough space for everyone...
     
    #571     Apr 2, 2014
  2. EDIT - I'll leave it to the experts as I'm in a trade now...
     
    #572     Apr 2, 2014
  3. dbphoenix

    dbphoenix

    Well, I don't trade illiquid markets. Tried that back in the 90s. No thanks.

    1002 And we're back in the range. The fact that traders are behaving this way suggests that this is a particularly important level which if true confirms what I posted before the open.

    The midpoint of this "OR" is 59. If price can't get there or chokes there, this suggests weakness.

    1006 If one were desperate to trade, he could enter at 50.25. I don't enter within TRs
     
    #573     Apr 2, 2014
  4. cornix

    cornix

    No CL, GC for you?
     
    #574     Apr 2, 2014
  5. dbphoenix

    dbphoenix

    No. I understand the NQ better, and I like the way it moves. Not today of course but most of the time.

    I suppose I should point out that I'm doing this bec of the fabrications posted by dp and his posse. I'm just as bored as everyone else is.

    1011 If one wanted to enter inside the TR, the short would be triggered at 52.75.

    1012 If one had taken the short, it would now be confirmed by dropping below the last swing low. From this point, it's all management.
     
    #575     Apr 2, 2014
  6. cornix

    cornix

    I see. In NQ liquidity issue is obviously less important.
     
    #576     Apr 2, 2014
  7. dbphoenix

    dbphoenix

    Of course. How are you going to trade any size if there's no liquidity? You can't retire trading one contract.

    1016 Notice that we never got to 59, much less past it.

    1018 Sellers having a little trouble finding buyers to take the ask

    1020 A little recoil here. If price returns to the entry, the trade will be scratched.

    1025 And out. And back in the range.
     
    #577     Apr 2, 2014
  8. cornix

    cornix

    Yep. The problem is what moves the best on average has lower liquidity on average. :)
     
    #578     Apr 2, 2014
  9. New day, new scam. How about and actual entry? Not going well... how is that possible with no fills? Are you still at an 80% hit rate at 10x losers?

    [​IMG]
     
    #579     Apr 2, 2014
  10. Schaefer

    Schaefer


    I see, you quickly edited out your entry. You said, you went short at 51; where was your stop, and target?

    Schaefer
     
    #580     Apr 2, 2014