Is day trading worth it?

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


  1. no, nothing to sell you here. Just sharing my experience and knowledge.
     
    #711     Apr 3, 2014
  2. I don't dispute this, if you are trading without a real structural edge.
     
    #712     Apr 3, 2014
  3. Anyone who can find 4-6 opportunities every single day and take 2k out of the markets day in, day out has a real structural edge.
     
    #713     Apr 3, 2014
  4. The problem is, Grand, this simply isn't true. Regardless of how much rhetoric is used, that's not the way the markets work . I have observed and participated in this game for far too long to believe these types of statements when accompanied "price action" or TA claims. All I can do is share my knowledge. It's your account you should be concerned about, not empty claims of wizard like success.
     
    #714     Apr 3, 2014
  5. And how willing are those people going to be to share something that is obviously capacity constrained?
     
    #715     Apr 3, 2014
  6. As DrownPruf makes clear-- there is a definite reality disconnect between what is said and market facts.
     
    #716     Apr 3, 2014
  7. The man (or woman) who succeeds above his fellows is the one who... clearly discerns his object and towards that object he habitually directs his powers. Even genius itself is but fine observation strengthened by fixity of purpose. Every man who observes vigilantly and resolves steadfastly grows unconsciously into genius.

    -- Edward G. Bulwer-Lyton
     
    #717     Apr 3, 2014
  8. Dilettante, you're hitched to the wrong horse.
     
    #718     Apr 3, 2014
  9. I tend to base genius on facts not unsubstantiated claims on an internet message boards from aliases. Please note that your hero's have refused time and time again to provide any evidence of their claims. When this is combined with listing methodologies that clearly DO NOT work as claimed. not to mention refusing to participate in an impartial combine contest without being paid $50,000 ( nodoji) as opportunity loss cost-- doesn't this make you suspicious?
     
    #719     Apr 3, 2014
  10. Sadly, you're probably right.
    I pretty sure that those who are really making money from trading aren't really interested in charts/price action/patterns etc etc.

    I've tried all of the usual price action methods touted on this forum (and other trading forums) by the usual suspects over the years.

    You can sometimes have a lovely run of trades where you begin to kid yourself, but over time, over the long-run, you realise that any edge you might have is *miniscule*.
    The good patch was luck.
    Don't be fooled by the 'results' from peoples hindsight analysis

    People like sellindexvol and some of the other pnl crew clearly make consistent money are definitely looking at something else to help them decide where the markets headed, but i've never come close to discovering that secret!
     
    #720     Apr 3, 2014