Is Daytrading difficult or impossible ?

Discussion in 'Trading' started by speedo, May 12, 2017.

  1. sle

    sle

    Out there, there are plenty of traders/investors thriving in a variety of time frames, asset classes and trading styles. People here, unfortunately, seem to have a very narrow understanding of the financial world and that reflects on how the markets function and
    what works.
     
    #181     Jul 14, 2017
    Zodiac4u likes this.
  2. ironchef

    ironchef

    Within the ET community, there are plenty of traders/investors thriving in a variety of time frames, asset classes and trading styles. And you know who you are.:finger:

    By the way, you are one and I benefited from reading many of your posts.:D

    Regards,
     
    #182     Jul 15, 2017
  3. If I told you how much I made from day trading this week you probably wouldn't believe me.. I like it that way.. I like when people say there's no way day traders can make money.. Less competition and more money for us..I have been trading for 10 years and it took me along time to figure out the game.. And I'm still learning new things everyday.. But when you get to the level of consistency, boy it's so worth it...
     
    #183     Jul 15, 2017
    Mtrader and Sprout like this.
  4. ironchef

    ironchef

    I beg to disagree.

    Less competition from us mom and pop is less money for you. Who are you going to take money from if we quit trading? I used to send money to you when I day trade, now that I quit day trading, you won't get any money from me anymore.:D
     
    #184     Jul 15, 2017
  5. Mtrader

    Mtrader

    Not sure that you will give him no money anymore. Daytraders can be your counterparty. They don't trade in a seperate market only accesibble for daytraders. Long an short term are all buying and selling in the same market, and many times from each other.

    A daytrader can buy a sell from a LT trader, and he can also sell an intraday to a LT trader.
     
    #185     Jul 15, 2017
  6. ironchef

    ironchef

    OK you are right I stand corrected. Now I only sent a check to you once in a while instead of a regular check every day.:banghead:

    On second thought, I only trade options, so are we related if you day trade the underlying?

    Best to you.
     
    #186     Jul 15, 2017
  7. Mtrader

    Mtrader

    I only trade the ES. There you can steal from the big boys...:D or getting stolen...:(
     
    #187     Jul 15, 2017
  8. You stole my words:)... Are you a price action trader too or what?
     
    #188     Jul 15, 2017
  9. Mtrader

    Mtrader

    No, trading on purely mathematical models.
     
    #189     Jul 15, 2017
  10. Nice..!!
     
    #190     Jul 15, 2017