Is day trading worth it?

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

  1. Yes but you have losses. So while you might be profitable, you are not really in the same class as NoDoji.
     
    #871     Apr 4, 2014
  2. volente_00

    volente_00

    All deals are still available as long as you PAY $175-$400 so he can pay the utilities on the penthouse


    :)
     
    #872     Apr 4, 2014
  3. volente_00

    volente_00


    So there are people on here saying they never have losses in trading ?


    pass me the kool aid
     
    #873     Apr 4, 2014
  4. I am feeling so generous that I'd be willing to fork the fees for some ET members as long as they put a link to their combine while doing it. :D :D :D
    And they are getting forex as well soon!
     
    #874     Apr 4, 2014

  5. Yep, never a losing day was the quote. I think they admit intraday losses

    :)
     
    #875     Apr 4, 2014
  6. NoDoji

    NoDoji

    I hope all the Trend Line Breakout Pullback traders (sometimes known as Straight Liners) have taken advantage of the opportunities today!

    After some choppy conditions around the open, CL offered a few chances to get long for a breakout to what turned out to be the day's high.

    You may often hear people say that the market's tough, or cruel, or out to get you; in reality the market is often very kind, offering second (and even third) chances for traders to get positioned for a move. The day's first BOPB in CL (illustrated at hard right edge below in Pacific time) was an example of the market's kindness. :)

    There were additional trend line BOPB opportunities in CL today. Connect your swing highs and lows on the 5-min chart, adjusting as the day progresses, and look at the 1-min chart during these time windows (Eastern time):

    11:15 - 11:36 Downside breakout

    12:20 - 12:24 Upside breakout

    1:30 - 1:34 Downside breakout

    If you're not a scalper, the NQ trend line BOPB to the upside may have retraced all 8 points of your profit at the opening bell, but you got everything you could possibly want on NFP Friday if you took the 3602-ish downside BOPB setup between 10:52 and 10:56 (which you're likely still holding since there's been no long signal yet).

    Just remember, HFT can't hurt you unless you need to put massive amounts of OPM to work in the market; when you're a little retail trader, stick with the edge that's been around as long as there have been liquid markets: Price action

    :cool:
     
    #876     Apr 4, 2014
    MarketAddict likes this.
  7. NoDoji

    NoDoji

    EMG, because he doesn't use stops (which are for losers)!

    :p:p
     
    #877     Apr 4, 2014
  8. For accuracy...
     
    #878     Apr 4, 2014
  9. Wow! Why not automate-- remove the potential for human error?

    Doesn't work, does it?
     
    #879     Apr 4, 2014
  10. NoDoji

    NoDoji

    You'll NEVER get elected with that attitude!

    :D:D
     
    #880     Apr 4, 2014